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Derivatives Dealers Act of 1995

Introduced: February 27, 1995 Introduced by: Markey, Edward J. Democratic · Massachusetts See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 3, 1995
Referred to the Subcommittee on Telecommunications and Finance.
Feb 27, 1995
Referred to the House Committee on Commerce.
Feb 27, 1995
Sponsor introductory remarks on measure. (CR E447-448)
Feb 27, 1995
Introduced in House
 Plain-English summary Congressional Research Service

TABLE OF CONTENTS:

Title I: Derivatives Dealers

Title II: Broker-Dealer Oversight Reforms

Derivatives Dealers Act of 1995 - Title I: Derivatives Dealers - Amends the Securities Exchange Act of 1934 to set forth registration requirements and procedures for derivatives dealers. Directs the Securities and Exchange Commission (SEC) to adopt rules with respect to dealer financial responsibility and mandatory annual reports.

Grants the SEC enforcement powers.

Mandates securities association membership for derivatives dealers.

Title II: Broker-Dealer Oversight Reforms - Permits a national securities exchange to adopt and implement rules for members and material associated persons engaged in derivatives transactions for which such exchange is the designated examining authority in order to enforce compliance with this Act.

(Sec.205) Prescribes, for risk assessment purposes, derivatives transaction recordkeeping and reporting requirements for: (1) government securities brokers and dealers; and (2) brokers and dealers.

What's happening now March 3, 1995

Referred to the Subcommittee on Telecommunications and Finance.

 Committees of jurisdiction 2