HR 302 · 111th Congress · Finance and Financial Sector

To require the Securities and Exchange Commission to reinstate the uptick rule on short sales of securities.

Introduced 2009-01-08· Sponsored by Rep. Ackerman, Gary L. [D-NY-5]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2009-01-08)

Plain Language Summary

[AI summary unavailable — showing source text] 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

Cosponsors (20)

12 Democrats8 Republicans
Rep. Maloney, Carolyn B. [D-NY-14]NY
Rep. Weiner, Anthony D. [D-NY-9]NY
Rep. Capuano, Michael E. [D-MA-8]MA
Rep. McCarthy, Carolyn [D-NY-4]NY
Rep. Lowey, Nita M. [D-NY-18]NY
Rep. Perlmutter, Ed [D-CO-7]CO
Rep. Thompson, Mike [D-CA-1]CA
Rep. Kirk, Mark Steven [R-IL-10]IL
Rep. Westmoreland, Lynn A. [R-GA-3]GA
Rep. Boucher, Rick [D-VA-9]VA
Rep. Kingston, Jack [R-GA-1]GA
Rep. Lee, Christopher J. [R-NY-26]NY
Rep. Broun, Paul C. [R-GA-10]GA
Rep. Peters, Gary C. [D-MI-9]MI
Rep. Scott, David [D-GA-13]GA
Rep. Jenkins, Lynn [R-KS-2]KS
Rep. Deal, Nathan [R-GA-9]GA
Rep. Courtney, Joe [D-CT-2]CT
Rep. Terry, Lee [R-NE-2]NE
Rep. Klein, Ron [D-FL-22]FL