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HR 616 103th Congress House Finance and Financial Sector Brokers Information disclosure (Securities law) 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: January 26, 1993 Introduced by: Markey, Edward J. Democratic · Massachusetts See on congress.gov
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 Everywhere this bill has been 25 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 11, 1993
Became Public Law No: 103-68.
Aug 11, 1993
Signed by President.
Aug 3, 1993
Presented to President.
Jul 30, 1993
Message on Senate action sent to the House.
Jul 29, 1993
Passed Senate without amendment by Voice Vote. (consideration: CR S9866)
Jul 29, 1993
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.(consideration: CR S9866)
May 6, 1993
Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 63.
May 5, 1993
Received in the Senate.
May 4, 1993
Motion to reconsider laid on the table Agreed to without objection.
May 4, 1993
On motion to suspend the rules and pass the bill Agreed to by voice vote.
May 4, 1993
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.
May 4, 1993
DEBATE - The House proceeded with forty minutes of debate.
May 4, 1993
Considered under suspension of the rules. (consideration: CR H2220-2221)
May 4, 1993
Mr. Markey moved to suspend the rules and pass the bill.
Apr 29, 1993
Placed on the Union Calendar, Calendar No. 34.
Apr 29, 1993
Reported by the Committee on Energy and Commerce. H. Rept. 103-76.
Apr 20, 1993
Ordered to be Reported by Voice Vote.
Apr 20, 1993
Committee Consideration and Mark-up Session Held.
Apr 1, 1993
Forwarded by Subcommittee to Full Committee by Voice Vote.
Apr 1, 1993
Subcommittee Consideration and Mark-up Session Held.
Mar 30, 1993
Subcommittee Hearings Held.
Feb 16, 1993
Referred to the Subcommittee on Telecommunications and Finance.
Jan 26, 1993
Referred to the House Committee on Energy and Commerce.
Jan 26, 1993
Sponsor introductory remarks on measure. (CR E158)
Jan 26, 1993
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Securities Exchange Act of 1934 to cite conditions under which it shall not be unlawful for members of exchanges and associated persons to effect a transaction for an account with respect to which they exercise investment discretion.

Permits transactions for such a managed account (without the involvement of an independent floor broker) if the member or associated person: (1) has obtained express authorization from the person or persons authorized to transact business for the account before engaging in the practice of effecting such transactions; (2) furnishes the persons authorized to transact business for the account with a statement at least annually disclosing the aggregate compensation received by the exchange member in effecting such transactions; and (3) complies with any rules the Securities and Exchange Commission has prescribed with respect to such requirements.

What's happening now August 11, 1993

Became Public Law No: 103-68.

 Committees of jurisdiction 2