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United States · Bill · S

S. 1247 (102nd)

Government Securities Act Amendments of 1991

referredUnited States· United States Congress· EN

Introduced

6 June 1991

Last action

Status

Referred to the Subcommittee on Telecommunications and Finance.

Sponsors

Subjects

Discovery layer

Source updated

14 January 2025

Summary

Government Securities Act Amendments of 1991 - Amends the Securities Exchange Act of 1934 to repeal the termination date for the Secretary of the Treasury's authority to promulgate regulations and issue orders governing government securities transactions by brokers and dealers (thereby permanently extending the Secretary's regulatory authority). Authorizes the Secretary to: (1) propose and adopt government securities sales practice rules designed to prevent fraudulent or manipulative practices; and (2) regulate disclosure and access to government securities price and volume information. Authorizes registered securities associations to adopt and implement government securities sales practices rules for their members which are consistent with those promulgated by the Secretary. Directs the Securities Exchange Commission to consult with the Secretary before approving a proposed rules change filed by a registered securities association, or before modifying such a rule (unless an emergency requires expeditious action).

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Documents

6 official files

Reported to Senate (text)

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Sources

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