Stock Market Recovery Act of 2009

Summary

Stock Market Recovery Act of 2009 - Directs the Securities and Exchange Commission (SEC) to: (1) reinstate rule 10a-1 (the "uptick rule," which prevents new short sales of a company's stock while its share price is falling); (2) rescind rule 201 of regulation SHO (which declares any short sale price test inapplicable to short sales in any security); and (3) reinstate price test restrictions that applied to short sales of securities before SEC action in a specified proceeding entitled "Regulation SHO and Rule 10a-1," adopted June 28, 2007. Directs the SEC to suspend the application of mark-to-market accounting principles with respect to any class or category of transaction necessary or appropriate in the public interest and consistent with the protection of investors.

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Timeline

1. 10 March 2009

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 10 March 2009

   Introduced

   Sponsor introductory remarks on measure. (CR H3112, E613-614)

   Source: IntroReferral

3. 10 March 2009

   Introduced

   Introduced in House

   Source: IntroReferral

4. 10 March 2009

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 10 March 2009 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 March 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 10 March 2009

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 10 March 2009

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Kirk, Mark Steven [R-IL] · R · Sponsor
• Rep. LaTourette, Steven C. [R-OH-14] · R · Cosponsor
• Rep. Gingrey, Phil [R-GA-11] · R · Cosponsor
• Sen. Blackburn, Marsha [R-TN] · R · Cosponsor
• Rep. Broun, Paul C. [R-GA-10] · R · Cosponsor
• · hsba00 · Standing

Related records

• related to → To require the Securities and Exchange Commission to reinstate the uptick rule on short sales of securities.
• related to ← To direct the Securities and Exchange Commission to suspend the application of mark-to-market accounting.
• related to ← A bill to require the Securities and Exchange Commission to reinstate the uptick rule and effectively regulate abusive short selling activities.