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HR 1216 114th Congress House

Maker-Taker Conflict of Interest Reform Act of 2015

Official title: To require the Securities and Exchange Commission to carry out a pilot program to examine maker-taker pricing, and for other purposes.

Introduced: March 3, 2015 Introduced by: Lynch, Stephen F. Democratic · Massachusetts See on congress.gov
Finance and Financial Sector Congressional oversightFinancial services and investmentsGovernment studies and investigationsSecurities
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 3, 2015
Referred to the House Committee on Financial Services.
Mar 3, 2015
Introduced in House
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 Latest action March 3, 2015

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Maker-Taker Conflict of Interest Reform Act of 2015

This bill directs the Securities and Exchange Commission (SEC) to initiate a six-month pilot program that examines maker-taker pricing (any pricing model by a trading venue that provides rebates, or comparable inducements, or fees to market participants to either provide liquidity to, or take liquidity from, that trading venue).

In conducting this program, the SEC is required to:

  • identify, out of the 100 issuers with the most frequently-traded securities, a random sample of 50 issuers (the "sample group");
  • prohibit the payment of rebates (or comparable inducements) on any trade of securities of the issuers in the sample group; and
  • compare the effects of such prohibition on the issuers in the sample group compared to the other 50 issuers in the "control group."
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 1216: Maker-Taker Conflict of Interest Reform Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-1216/
MLA
"H.R. 1216: Maker-Taker Conflict of Interest Reform Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-1216/.
Bluebook (legal)
H.R. 1216, 114th Cong. (2026), https://openamerica.io/bill/114-HR-1216/.
Markdown link
[H.R. 1216: Maker-Taker Conflict of Interest Reform Act of 2015](https://openamerica.io/bill/114-HR-1216/)
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