S. 605 · 111th Congress · 2009–2010
A bill to require the Securities and Exchange Commission to reinstate the uptick rule and effectively regulate abusive short selling activities.
S. 605 in the 111th Congress (2009–2010) was introduced on Mar 16, 2009, sponsored by Edward Kaufman with 6 co-sponsors.
During the 111th Congress (2009–2010), Barack Obama was president, and Democrats held majorities in both the House and Senate.
- Status
- Introduced
- Introduced
- Mar 16, 2009
- Co-sponsors
- 6
- Policy area
- Finance and Financial Sector
What it does
Directs the Securities and Exchange Commission (SEC) to take specified actions to regulate short sales of securities, including: (1) reinstating regulations in effect on July 5, 2007, prohibiting short sales of securities unless the previous price movement on such securities had been upward (the uptick rule); (2) rescinding the prohibition against applying certain price tests to short sales; (3) requiring trades by short selle…
Summary by the nonpartisan Congressional Research Service.
Sponsor
Edward Kaufman (D-DE). Co-sponsors: 1 Democrat, 5 Republicans.
Where it stands
- IntroducedMar 16, 2009
- Passed the Senate—
- Passed the House—
- Sent to the President—
- Became law—
Latest action: Sponsor introductory remarks on measure. (CR S3636-3539) (Mar 19, 2009)
More bills from Edward Kaufman in the 111th Congress
Other Finance and Financial Sector bills in the 111th Congress
- S. 383: Special Inspector General for the Troubled Asset Relief Program Act of 2009
- H.R. 627: Credit CARD Act of 2009
- H.R. 1209: Medal of Honor Commemorative Coin Act of 2009
- H.R. 3606: Credit CARD Technical Corrections Act of 2009
- H.R. 4173: Dodd-Frank Wall Street Reform and Consumer Protection Act
- H.R. 5502: To amend the effective date of the gift card provisions of the Credit Card Accountability…
- H.R. 5297: Small Business Jobs Act of 2010
- S. 3717: A bill to amend the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the…
- H.R. 1177: 5-Star Generals Commemorative Coin Act
- H.R. 6162: Coin Modernization, Oversight, and Continuity Act of 2010
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
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