S 2707 · 93th Congress · Finance and Financial Sector

A bill to amend the Securities Exchange Act of 1934 to facilitate the regulation of banking institutions regularly engaged in the business of effecting transactions in securities for the accounts of others.

Introduced 1973-11-15· Sponsored by Sen. Brooke, Edward W. [R-MA]· Senate

Bill Progress

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Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Banking, Housing and Urban Affairs.(1973-11-15)

Plain Language Summary

[AI summary unavailable — showing source text] Defines the term "broker", under the Securities and Exchange Act, to exclude a bank unless it solicits transactions in securities to be effected by the bank as agent for the accounts of others. (Amends 15 U.S.C. 78(c)(4))…

Summarized by Claude AI · Non-partisan · For informational purposes only