HR 4457 · 94th Congress · Finance and Financial Sector

A bill to amend the Securities Exchange Act of 1934.

Introduced 1975-03-06· Sponsored by Rep. Stuckey, W. S. (Bill), Jr. [D-GA-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Interstate and Foreign Commerce.(1975-03-06)

Plain Language Summary

[AI summary unavailable — showing source text] Directs the Securities Exchange Commission to appoint a National Market Board to advise the Commission on the development of a national market system for the clearance and settlement of securities in order to preserve and strengthen capital markets. Specifies the composition of the Board and the manner of adoption of procedural rules of the Board for the centralization of the governance of any national market system. Provides that such rules shall be subject to the approval of the Commission. Authorizes to be appropriated $300,000 to carry out this Act.…

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