S 855 118th Congress Senate Finance and Financial Sector

TICKER Act

Introduced: March 16, 2023 Introduced by: Scott, Rick Republican · Florida See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 16, 2023

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

Mar 16, 2023

Introduced in Senate

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Plain-English summary Congressional Research Service

Trading and Investing with Clear Knowledge and Expectations about Risk Act or the TICKER Act

This bill requires the identification of consolidated variable interest entities on securities exchanges. Specifically, the symbol used on the exchange must identify these entities as consolidated variable interest entities. (A consolidated variable interest entity is a business structure where an investor holds a controlling interest in an entity through contractual agreements rather than having a majority of voting rights.)

In addition, the Securities and Exchange Commission must require brokers and dealers to warn investors in these entities that those investors may lack legal recourse with respect to these investments.

What's happening now March 16, 2023

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

Bill text 1 version