Why Should I Vote On BetterDistricts?

Polling is a powerful tool to help our elected officials determine how they should vote.

Standard polling methods don't give you the control that you deserve. With BetterDistricts you can show your representative exactly how strongly a bill is supported in your community.

Send a clear signal on how you want your government to work.

 

H.R. 3555 - Exchange Regulatory Improvement Act

Introduced: 2017-07-28
Bill Status: Placed on the Union Calendar, Calendar No. 681.
 

Exchange Regulatory Improvement Act

This bill amends the Securities Exchange Act of 1934 to exempt certain property of an exchange from regulation by the Securities and Exchange Commission. Specifically, the exemption applies to property not for the purpose of effecting or reporting a transaction on an exchange.

Full Text


115th CONGRESS
1st Session
H. R. 3555


    To amend the Securities Exchange Act of 1934 to provide that the definition of a facility of an exchange does not apply to a line of business the purpose of which is not to effect or report a transaction on an exchange.


IN THE HOUSE OF REPRESENTATIVES

July 28, 2017

    Mr. Loudermilk (for himself, Mr. Meeks, Mr. Hultgren, Mr. David Scott of Georgia, and Mr. Zeldin) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

    To amend the Securities Exchange Act of 1934 to provide that the definition of a facility of an exchange does not apply to a line of business the purpose of which is not to effect or report a transaction on an exchange.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Exchange Regulatory Improvement Act”.

SEC. 2. Facility defined.

Section 3(a)(2) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(2)) is amended by striking the period at the end and inserting the following: “for the purpose of effecting or reporting a transaction on an exchange. Such term does not include any premises or property, or the right to use any premises, property, or service, to the extent such premises or property is used with respect to, or such right relates to use with respect to, a line of business the purpose of which is not to effect or report a transaction on an exchange.”.


Relevant News Stories And Blog Posts

Title Worth Reading

Vote on H.R. 3555

 

Activity in last 30 days