HR 1167 · 114th Congress · Finance and Financial Sector
Markets and Trading Reorganization Act
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.(2015-02-27)
Plain Language Summary
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Markets and Trading Reorganization Act Establishes the Securities and Derivatives Commission as an independent regulatory body. Directs the Commission to establish the following principal divisions: (1) a Markets and Trading Division with oversight of market conduct and utilities, the conduct of market professionals, and self-regulatory organizations with regard to such market professionals (including related examination functions); (2) an Issuers and Financial Disclosures Division exercising oversight of the issuance of securities (including investment companies and related rules and examinations); and (3) an Enforcement Division to enforce all Commission rules. Transfers to such Commission all functions of the Commodity Futures Trading Commission and of the Securities and Exchange Commission, including their respective officers and components.…
Summarized by Claude AI · Non-partisan · For informational purposes only