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HR 4619 117th Congress House Finance and Financial Sector Civil actions and liability Corporate finance and management Financial services and investments Securities

To amend the Securities Exchange Act of 1934 to prohibit trading ahead by market makers, and for other purposes.

Introduced: July 22, 2021 Introduced by: Green, Al Democratic · Texas 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: 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
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 Plain-English summary Congressional Research Service

This bill creates specified duties for market makers—individuals and firms that buy and sell securities, such as brokerage houses—and sets forth penalties for violations of those duties. Specifically, the bill establishes for market makers a duty of trust and loyalty to the customer upon receipt of an order and deems the information in the order as material, non-public information. Furthermore, the Chief Executive Officer of a market maker must annually certify compliance with such responsibilities. The bill establishes civil and criminal penalties for violations.

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

 Cosponsors 1
All 1 Democratic 1
D
Cleaver, Emanuel
Missouri · Jul 27, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4619: To amend the Securities Exchange Act of 1934 to prohibit trading ahead by market makers, and for other purposes.. 117th Congress. Open America. https://openamerica.io/bill/117-HR-4619/
MLA
"H.R. 4619: To amend the Securities Exchange Act of 1934 to prohibit trading ahead by market makers, and for other purposes.." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-4619/.
Bluebook (legal)
H.R. 4619, 117th Cong. (2026), https://openamerica.io/bill/117-HR-4619/.
Markdown link
[H.R. 4619: To amend the Securities Exchange Act of 1934 to prohibit trading ahead by market makers, and for other purposes.](https://openamerica.io/bill/117-HR-4619/)
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