United States · Bill · HR
H.R. 4617 (117th)
To be added Act of 2021
Introduced
22 July 2021
Last action
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Status
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22.
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
This bill directs the Securities and Exchange Commission (SEC) to study and report on payment for order flow (payment received by a stock brokerage firm for directing orders to another firm that buys and sells stock). The SEC must study, among other topics, conflicts arising from these payment arrangements, the impact on trade execution quality and pricing, and how firms disclose this arrangement to customers. The SEC must revise its rules, subject to notice and comment, consistent with the results of the study.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 22 July 2021
Introduced in House (PDF)
Introduced in House · EN · 22 July 2021
Introduced in House
summary · EN · 22 July 2021
Sponsors
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/house-bill/4617
- Open data entity: https://api.congress.gov/v3/bill/117/hr/4617