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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…

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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
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Plain-English summary Congressional Research Service

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 September 10, 1992

Placed on the Union Calendar, Calendar No. 492.

 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 3047: 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.. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-3047/
MLA
"H.R. 3047: 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.." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-3047/.
Bluebook (legal)
H.R. 3047, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-3047/.
Markdown link
[H.R. 3047: 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.](https://openamerica.io/bill/102-HR-3047/)
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