Government Securities Market Protection Act

[AI summary unavailable — showing source text] Government Securities Market Protection Act - Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System, in order to protect the integrity of the Government securities market, to prescribe regulations which: (1) establish capital adequacy standards for certain Government securities dealers; (2) require each such dealer to maintain an internal system of controls to assure compliance with such standards; (3) require the maintenance of segregated accounts on the records of the dealer and any clearing agent involved in any Government securities transaction; (4) require the dealer to deliver the Government securities involved in a securities loan or a repurchase agreement to the customer or to an independent custodian or other third party custodian designated by the customer, with specified exceptions; and (5) require dealers to certify that they will comply with such requirements. Requires the Board to maintain and publish a list of all such dealers in compliance with such requirements. Prohibits any dealer not listed from acting as a dealer or conducting any Government securities transaction with any primary dealer or depository institution. Require…