Bond Price Competition Improvement Act of 1999

[AI summary unavailable — showing source text] Bond Price Competition Improvement Act of 1999 - Amends the Securities Exchange Act of 1934 (the Act) to replace requirements regarding the National Market Advisory Board with provisions requiring the Securities and Exchange Commission (SEC) to adopt rules and takeactions to assure the prompt, accurate, reliable, and fair collection, processing, distribution, and publication of transaction information, including last sale date, regarding covered debt securities (i.e., bonds, debentures, or other debt instruments of an issuer, other than exempted securities and securities that the SEC determines by rule to except) so that such information is available to all. Directs the SEC, in determining the rules or other actions to take, to consider private sector systems for the collection and distribution of transaction information on corporate debt securities. (Sec. 4) Directs the Comptroller General to conduct a study of measures needed in the public interest and for the protection of investors to improve the prompt, accurate, reliable, and fair collection, processing, distribution, and publication of information concerning transactions in: (1) debt securities as to which transaction inform…