HR 3060 · 107th Congress · Finance and Financial Sector
Emergency Securities Response Act of 2001
Bill Progress
✓
Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.(2001-11-14)
Plain Language Summary
[AI summary unavailable — showing source text]
Emergency Securities Response Act - Amends the Securities Exchange Act of 1934 to extend the emergency order authority of the Securities and Exchange Commission (SEC) as it determines necessary to reduce, eliminate, or prevent the substantial disruption of: (1) securities markets, investment companies, or any other significant portion or segment of such markets; or (2) the transmission or processing of securities transactions. Extends the duration of such order from the current ten-day maximum to 30 business days unless the SEC finds that the emergency still exists and that further extension is in the public interest and necessary for investor protection. Establishes 90 calendar days as the maximum duration of an SEC emergency order.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 3060, Emergency Securities Response Act of 2001
Oct 15, 2001<p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on October 11, 2001</p>
Full CBO report ↗H.R. 3060, Emergency Securities Response Act of 2001
Oct 15, 2001Cost estimate for the bill as ordered reported by the House Committee on Financial Services on October 11, 2001
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (4)
3 Democrats1 Republican