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HR 4618 117th Congress House Finance and Financial Sector Administrative remedies Business records Congressional oversight Financial services and investments Government information and archives Government studies and investigations Securities Securities and Exchange Commission (SEC)

Short Sale Transparency and Market Fairness Act

Introduced: July 22, 2021 Introduced by: Waters, Maxine Democratic · California See on congress.gov
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 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: 27 - 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
 Plain-English summary Congressional Research Service

Short Sale Transparency and Market Fairness Act

This bill modifies securities reporting requirements applicable to certain institutional investment managers. Specifically, the bill (1) reduces the reporting window for asset managers responsible for more than $100 million in assets to file ownership reports with the Securities and Exchange Commission (SEC) from 45 days to 10 days after the end of each month, and (2) expands requirements to include direct or indirect derivative positions or interest (e.g., short positions) in such reports.

Additionally, the SEC must (1) issue rules providing for the public disclosure of short sale activity by institutional investment managers, and (2) report on the standards and criteria used to determine whether confidential treatment applies to an institutional investment manager for the purpose of filing certain reports.

What's happening now July 29, 2021

Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22.

 Committees of jurisdiction 1