S 3947
117th Congress
Senate
Finance and Financial Sector
Intelligent Tick Study Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 29, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 29, 2022
Introduced in Senate
Plain-English summary
Intelligent Tick Study Act
This bill authorizes the Securities and Exchange Commission (SEC) to mandate the use of larger tick sizes in the trade of the securities of emerging growth companies. Tick size is the minimum price increment of a trading instrument. Specifically, the bill authorizes the SEC to designate a tick size larger than $0.01 but not more than $0.25 for these securities. The SEC must report on the impact of potential variations in tick size for all securities.
What's happening now
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committees of jurisdiction
1