HR 3047
102th Congress
House
Finance and Financial Sector
Brokers
Investment advisers
Securities
Securities regulation
Stock exchanges
To amend the Securities Exchange Act of 1934 to permit members of national securities exchanges to effect certain transactions with respect to accounts for which such members exercise investment discretion.
Introduced: July 25, 1991
Introduced by:
Markey, Edward J.
Democratic
· Massachusetts
See on congress.gov
Everywhere this bill has been
9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 10, 1992
Placed on the Union Calendar, Calendar No. 492.
Sep 10, 1992
Reported (Amended) by the Committee on Energy and Commerce. H. Rept. 102-858.
Jun 2, 1992
Committee Consideration and Mark-up Session Held.
Jun 2, 1992
Ordered to be Reported (Amended).
May 7, 1992
Subcommittee Consideration and Mark-up Session Held.
May 7, 1992
Forwarded by Subcommittee to Full Committee (Amended).
Aug 13, 1991
Referred to the Subcommittee on Telecommunications and Finance.
Jul 25, 1991
Referred to the House Committee on Energy and Commerce.
Jul 25, 1991
Introduced in House
Plain-English summary
Amends the Securities Exchange Act of 1934 to authorize members of national securities exchanges to effect certain transactions with respect to accounts for which they exercise investment discretion (managed accounts) if they: (1) have obtained, from the persons authorized to transact business for the account, express authorization to effect the transaction prior to engaging in it: (2) furnish the person authorized to transact business for the account with an annual statement disclosing the aggregate compensation received for effecting such transactions; and (3) comply with the pertinent rules of the Securities and Exchange Commission. Repeals existing managed account provisions.
What's happening now
Placed on the Union Calendar, Calendar No. 492.
Committees of jurisdiction
2