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HR 6613 112th Congress House Finance and Financial Sector Banking and financial institutions regulation Commodities markets Commodity Futures Trading Commission Executive agency funding and structure Financial services and investments Securities Securities and Exchange Commission (SEC) User charges and fees

Markets and Trading Reorganization Act

Introduced: November 29, 2012 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
Dec 20, 2012
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Dec 17, 2012
Referred to the Subcommittee on General Farm Commodities and Risk Management.
Nov 29, 2012
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Nov 29, 2012
Introduced in House
 Plain-English summary Congressional Research Service

Markets and Trading Reorganization Act - Establishes the Securities and Derivatives Commission as an independent regulatory commission.

Directs such Commission to establish three principal divisions: (1) a Markets and Trading Division with oversight of market conduct and utilities, the conduct of market professionals, and self-regulatory organizations with regard to such market professionals, including related examination functions; (2) an Issuers and Financial Disclosures Division with oversight of the issuance of securities, including investment companies and related rules and examinations; and (3) an Enforcement Division responsible for the enforcement of all Commission rules.

Transfers to the Commission all functions and personnel of: (1) the Commodity Futures Trading Commission (CFTC), and (2) the Securities and Exchange Commission (SEC).

Grants the Commission fee and funding authority.


What's happening now December 20, 2012

Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

 Committees of jurisdiction 4
 Cosponsors 1
All 1 Democratic 1