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HR 4617 117th Congress House Finance and Financial Sector Administrative remedies Business records Financial services and investments Government information and archives Government studies and investigations Securities Securities and Exchange Commission (SEC) User charges and fees

To be added Act of 2021

Introduced: July 22, 2021 Introduced by: Sherman, Brad Democratic · California See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 29, 2021
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
Jul 29, 2021
Committee Consideration and Mark-up Session Held.
Jul 28, 2021
Committee Consideration and Mark-up Session Held.
Jul 22, 2021
Referred to the House Committee on Financial Services.
Jul 22, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

This bill directs the Securities and Exchange Commission (SEC) to study and report on payment for order flow (payment received by a stock brokerage firm for directing orders to another firm that buys and sells stock). The SEC must study, among other topics, conflicts arising from these payment arrangements, the impact on trade execution quality and pricing, and how firms disclose this arrangement to customers. The SEC must revise its rules, subject to notice and comment, consistent with the results of the study.

What's happening now July 29, 2021

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4617: To be added Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-4617/
MLA
"H.R. 4617: To be added Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-4617/.
Bluebook (legal)
H.R. 4617, 117th Cong. (2026), https://openamerica.io/bill/117-HR-4617/.
Markdown link
[H.R. 4617: To be added Act of 2021](https://openamerica.io/bill/117-HR-4617/)
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