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S. 3102 117th Congress Senate

Investor Freedom Act of 2021

Official title: A bill to amend the Securities and Exchange Act of 1934 to preserve commission-free trading and investor freedom for the people of the United States by prohibi… Show full official titleShow less

Official title: A bill to amend the Securities and Exchange Act of 1934 to preserve commission-free trading and investor freedom for the people of the United States by prohibiting the Securities and Exchange Commission from banning payment for order flow, and for other purposes.

Introduced: October 28, 2021 See on congress.gov
Finance and Financial Sector
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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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 28, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct 28, 2021
Introduced in Senate
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 Latest action October 28, 2021

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Investor Freedom Act of 2021

This bill prohibits banning the practice of payment for order flow (i.e., payment received by a stock brokerage firm for directing orders to another firm that buys and sells stock).

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Cramer, Kevin
North Dakota · Dec 1, 2021
 R
Scott, Tim
South Carolina · Dec 1, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3102: Investor Freedom Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-3102/
MLA
"S. 3102: Investor Freedom Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3102/.
Bluebook (legal)
S. 3102, 117th Cong. (2026), https://openamerica.io/bill/117-S-3102/.
Markdown link
[S. 3102: Investor Freedom Act of 2021](https://openamerica.io/bill/117-S-3102/)
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