HR 6517 · 110th Congress · Finance and Financial Sector
To require the Securities and Exchange Commission to reinstate the uptick rule on short sales of securities.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Financial Services.(2008-07-16)
Plain Language Summary
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Directs the Securities and Exchange Commission (SEC) to: (1) reinstate rule 10a-1 (the uptick rule) governing short sales of securities; (2) rescind the prohibition against applying certain price tests to short sales; and (3) reinstate price test restrictions that applied to short sales of securities prior to SEC action in a specified proceeding on June 28, 2007.…
Summarized by Claude AI · Non-partisan · For informational purposes only