HR 1216
114th Congress
House
Finance and Financial Sector
Congressional oversight
Financial services and investments
Government studies and investigations
Securities
Maker-Taker Conflict of Interest Reform Act of 2015
Introduced: March 3, 2015
Introduced by:
Lynch, Stephen F.
Democratic
· Massachusetts
See on congress.gov
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
Plain-English summary
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."
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1