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HR 2032 99th Congress House Finance and Financial Sector Administrative procedure Brokers Commodity exchanges Consumer protection Department of the Treasury Executive reorganization Federal Reserve System Government Operations and Politics Government corporations Government paperwork Government securities Independent regulatory commissions Information disclosure (Securities law) Investment advisers Investments Securities Securities and Exchange Commission Securities and Investments Securities regulation

Government Securities Act of 1986

Introduced: April 15, 1985 See on congress.gov
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 Everywhere this bill has been 29 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 28, 1986
Became Public Law No: 99-571.
Oct 28, 1986
Signed by President.
Oct 16, 1986
Presented to President.
Oct 15, 1986
Measure Signed in Senate.
Oct 9, 1986
Senate agreed to the House amendment to the Senate amendment. By Voice Vote.
Oct 9, 1986
Resolving differences -- Senate actions: Senate agreed to the House amendment to the Senate amendment. By Voice Vote.
Oct 7, 1986
Message on House action received in Senate and held at desk: House amendments to Senate amendments.
Oct 6, 1986
House Concurred, in Senate Amendments , with Amendments by Unanimous Consent.
Oct 6, 1986
Resolving differences -- House actions: House Concurred, in Senate Amendments , with Amendments by Unanimous Consent.
Sep 16, 1986
Passed Senate with an amendment and an amendment to the Title by Voice Vote.
Sep 16, 1986
Passed/agreed to in Senate: Passed Senate with an amendment and an amendment to the Title by Voice Vote.
Sep 16, 1986
Senate struck all after the Enacting Clause and substituted the language of S. 1416 amended.
Sep 16, 1986
Senate Committee on Banking discharged by Unanimous Consent.
Sep 18, 1985
Received in the Senate and read twice and referred to the Committee on Banking.
Sep 17, 1985
Passed House (Amended) by Voice Vote.
Sep 17, 1985
Passed/agreed to in House: Passed House (Amended) by Voice Vote.
Sep 17, 1985
Called up by House Under Suspension of Rules.
Sep 9, 1985
Placed on Union Calendar No: 161.
Sep 9, 1985
Reported to House (Amended) by House Committee on Energy and Commerce. Report No: 99-258.
Jul 31, 1985
Ordered to be Reported (Amended).
Jul 31, 1985
Committee Consideration and Mark-up Session Held.
Jul 25, 1985
Forwarded by Subcommittee to Full Committee (Amended).
Jul 25, 1985
Subcommittee Consideration and Mark-up Session Held.
Jun 26, 1985
Subcommittee Hearings Held.
Jun 20, 1985
Subcommittee Hearings Held.
Jun 11, 1985
Subcommittee Hearings Held.
Apr 22, 1985
Referred to Subcommittee on Telecommunications, Consumer Protection and Finance.
Apr 15, 1985
Referred to House Committee on Energy and Commerce.
Apr 15, 1985
Introduced in House
 Plain-English summary Congressional Research Service

Public Securities Act of 1985 - Title I: Establishment of a Self-Regulatory Organization with Respect to Municipal and Government Securities - Amends the Securities Exchange Act of 1934 to expand provisions concerning the registration, regulation, and disciplining of municipal securities dealers to govern all public securities dealers. Defines "public securities" as municipal and Government securities. Reestablishes the Municipal Securities Rulemaking Board (MSRB) as the Public Securities Rulemaking Board (PSRB) and increases its membership by two. Empowers the Board to formulate rules regulating: (1) the amount of initial and maintenance margin in connection with the purchase, sale, or carrying of Government securities; (2) the type of deposit or collateral which shall be furnished; (3) the carrying of undermargined accounts for limited periods and under specified conditions; (4) the withdrawal of funds or securities; (5) the substitution or additional purchase of securities; (6) the transfer of accounts from one Government securities broker or dealer to another; (7) special or different margin requirements for delayed deliveries, short sales, repurchase and reverse repurchase agreements, and arbitrage transactions; and (8) the bases and methods to be used in calculating collateral deposits, margins, and market prices.

Part B: Conforming Amendments - Sets forth conforming amendments. Empowers the Board of Governors of the Federal Reserve System to prescribe requirements for the initial or subsequent maintenance of a deposit in connection with the purchase, sale, or carrying of a Government security. Directs the Securities and Exchange Commission to consult with the Federal Reserve Board and the Department of the Treasury when prescribing capital requirements for Government securities dealers to assure that such requirements do not adversely affect the efficiency, liquidity, or integrity of Government securities markets.

Title II: Transitional and Savings Provisions - Provides for the: (1) transfer and allocation of funds and personnel from the MSRB to the PSRB; (2) termination of the MSRB; and (3) continuation of MSRB authorities, administrative proceedings, and judicial proceedings.

Title III: Effective Dates - Makes this Act effective 180 days after enactment. Provides effective dates for appointment and rulemaking authority under this Act.

What's happening now October 28, 1986

Became Public Law No: 99-571.

 Committees of jurisdiction 3
 Cosponsors 2
All 2 Democratic 2