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H.R. 657 108th Congress House

Emergency Securities Response Act of 2003

Official title: To amend the Securities Exchange Act of 1934 to augment the emergency authority of the Securities and Exchange Commission.

Introduced: February 11, 2003 See on congress.gov
Finance and Financial Sector Administrative procedureCommerceDepartment of the TreasuryEconomics and Public Finance
More subjectsShow fewer subjects
Emergency ManagementFinancial crisesFutures tradingGovernment Operations and PoliticsGovernment securitiesIndependent regulatory commissionsInvestorsLawMutual fundsSecurities and Exchange CommissionSecurities industrySecurities regulationStock exchanges
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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 13 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 27, 2003
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 26, 2003
Motion to reconsider laid on the table Agreed to without objection.
Feb 26, 2003
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text of measure as passed House: CR H1341)
Feb 26, 2003
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text of measure as passed House: CR H1341)
Feb 26, 2003
DEBATE - The House proceeded with forty minutes of debate on H.R. 657.
Feb 26, 2003
Considered under suspension of the rules. (consideration: CR H1341-1343)
Feb 26, 2003
Mr. Garrett (NJ) moved to suspend the rules and pass the bill, as amended.
Feb 25, 2003
Placed on the Union Calendar, Calendar No. 13.
Feb 25, 2003
Reported by the Committee on Financial Services. H. Rept. 108-19.
Feb 13, 2003
Ordered to be Reported.
Feb 13, 2003
Committee Consideration and Mark-up Session Held.
Feb 11, 2003
Referred to the House Committee on Financial Services.
Feb 11, 2003
Introduced in House
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 Latest action February 27, 2003

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service
Emergency Securities Response Act of 2003 - Amends the Securities Exchange Act of 1934 to grant the Securities and Exchange Commission (SEC) powers, in an emergency, to reduce, eliminate, or prevent the substantial disruption by the emergency of: (1) securities markets, investment companies, or other significant portion of such markets, or (2) the transmission or processing of securities transactions.

Permits such emergency to extend beyond 30 business days, but no more than 90 calendar days, if the SEC finds that the emergency still exists and determines that the continuation of the emergency order beyond 30 business days is necessary in the public interest and for the protection of investors. Redefines emergency to include a major disturbance that substantially disrupts or threatens to substantially disrupt: (1) the functioning of securities markets, investment companies, or any other significant portion or segment of the securities markets; or (2) the transmission or processing of securities transactions.

 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 657: Emergency Securities Response Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-657/
MLA
"H.R. 657: Emergency Securities Response Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-657/.
Bluebook (legal)
H.R. 657, 108th Cong. (2026), https://openamerica.io/bill/108-HR-657/.
Markdown link
[H.R. 657: Emergency Securities Response Act of 2003](https://openamerica.io/bill/108-HR-657/)
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