Markets and Trading Reorganization Act

Summary

Markets and Trading Reorganization Act - Establishes the Securities and Derivatives Commission as an independent regulatory commission. Directs such Commission to establish three principal divisions: (1) a Markets and Trading Division with oversight of market conduct and utilities, the conduct of market professionals, and self-regulatory organizations with regard to such market professionals, including related examination functions; (2) an Issuers and Financial Disclosures Division with oversight of the issuance of securities, including investment companies and related rules and examinations; and (3) an Enforcement Division responsible for the enforcement of all Commission rules. Transfers to the Commission all functions and personnel of: (1) the Commodity Futures Trading Commission (CFTC), and (2) the Securities and Exchange Commission (SEC). Grants the Commission fee and funding authority.

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Timeline

1. 29 November 2012

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

2. 29 November 2012

   Introduced

   Introduced in House

   Source: IntroReferral

3. 29 November 2012

   Introduced

   Introduced in House

   Source: IntroReferral

4. 17 December 2012

   Referred

   Referred to the Subcommittee on General Farm Commodities and Risk Management.

   Source: Committee

5. 20 December 2012

   Referred

   Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 29 November 2012 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 November 2012

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 29 November 2012

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 29 November 2012

  Open at official source

Sponsors

• Rep. Frank, Barney [D-MA-4] · D · Sponsor
• MICHAEL CAPUANO · D · Sponsor
• Rep. Ackerman, Gary L. [D-NY-7] · D · Cosponsor
• Rep. Lynch, Stephen F. [D-MA-8] · D · Cosponsor
• · hsba00 · Standing
• · hsag00 · Standing

Related records

• related to → Wall Street Accountability through Sustainable Funding Act