Investor and Capital Markets Fee Relief Act

Summary

Investor and Capital Markets Fee Relief Act - Amends the Securities Exchange Act of 1934 to reduce mandatory transaction fees pertaining to: (1) exchange-traded securities; (2) off-exchange trades of exchange-registered and last-sale-reported securities; (3) stock repurchase statements; and (4) proxy solicitations and statements in corporate control transactions. Replaces the fee structure for off-exchange trades of last-sale-reported securities with a fee structure for off-exchange trades of exchange-registered and last-sale-reported securities. Provides that the fees so collected shall: (1) be deposited and credited as offsetting collections to the account providing appropriations to the Securities and Exchange Commission (SEC); and (2) not be deposited and credited as general revenue of the Treasury. Amends the Securities Act of 1933 to: (1) reduce registration fees; and (2) reflect the provisions of this Act. Amends the Trust Indenture Act of 1939 to terminate the mandatory application filing fee. Sets forth requirements for pay parity for SEC employees.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 19 March 2001

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 19 March 2001

   Introduced

   Introduced in House

   Source: IntroReferral

3. 19 March 2001

   Introduced

   Introduced in House

   Source: IntroReferral

4. 20 March 2001

   Referred

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

   Source: Committee

5. 21 March 2001

   Committee

   Forwarded by Subcommittee to Full Committee by Voice Vote.

   Source: Committee

6. 21 March 2001

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

7. 28 March 2001

   Reported

   Ordered to be Reported (Amended) by Voice Vote.

   Source: Committee

8. 28 March 2001

   Committee

   Committee Consideration and Mark-up Session Held.

   Source: Committee

9. 3 April 2001

   Passed

   Mr. Oxley asked unanimous consent that the Committee on Financial Services have until midnight on April 17 to file a report on H.R. 1088. Agreed to without objection.

   Source: Committee

10. 1 May 2001

    Introduced

    Referred sequentially to the House Committee on Government Reform for a period ending not later than May 2, 2001 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(h), rule X.

    Source: IntroReferral

11. 1 May 2001

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 107-52, Part I.

    Source: Committee

12. 1 May 2001

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 107-52, Part I.

    Source: Committee

13. 2 May 2001

    Introduced

    House Committee on Government Reform Granted an extension for further consideration ending not later than May 8, 2001.

    Source: IntroReferral

14. 8 May 2001

    Introduced

    House Committee on Government Reform Granted an extension for further consideration ending not later than May 9, 2001.

    Source: IntroReferral

15. 9 May 2001

    Introduced

    House Committee on Government Reform Granted an extension for further consideration ending not later than May 10, 2001.

    Source: IntroReferral

16. 10 May 2001

    Introduced

    House Committee on Government Reform Granted an extension for further consideration ending not later than May 18, 2001.

    Source: IntroReferral

17. 18 May 2001

    Introduced

    House Committee on Government Reform Granted an extension for further consideration ending not later than May 25, 2001.

    Source: IntroReferral

18. 25 May 2001

    Calendars

    Placed on the Union Calendar, Calendar No. 42.

    Source: Calendars

19. 25 May 2001

    Discharge

    Committee on Government Reform discharged.

    Source: Discharge

20. 25 May 2001

    Committee

    Committee on Government Reform discharged.

    Source: Committee

21. 12 June 2001

    Reported

    Rules Committee Resolution H. Res. 161 Reported to House. Rule provides for consideration of H.R. 1088 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. In lieu of the amendment recommended by the Committee on Financial Services now printed in the bill, the amendment in the nature of a substitute printed in the Congressional Record and numbered 1 shall be considered as adopted. Measure will be considered read. A specified amendment is in order.

    Source: Floor

22. 14 June 2001

    Introduced

    Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 74.

    Source: Calendars

23. 14 June 2001

    Vote

    On passage Passed by recorded vote: 404 - 22 (Roll no. 165). (text as passed House: CR H33159-3164)

    Source: Floor

24. 14 June 2001

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

25. 14 June 2001

    Vote

    Passed/agreed to in House: On passage Passed by recorded vote: 404 - 22 (Roll no. 165).(text as passed House: CR H33159-3164)

    Source: Floor

26. 14 June 2001

    Floor

    The previous question was ordered pursuant to the rule.

    Source: Floor

27. 14 June 2001

    Floor

    Rule provides for consideration of H.R. 1088 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. In lieu of the amendment recommended by the Committee on Financial Services now printed in the bill, the amendment in the nature of a substitute printed in the Congressional Record and numbered 1 shall be considered as adopted. Measure will be considered read. A specified amendment is in order.

    Source: Floor

28. 14 June 2001

    Floor

    Considered under the provisions of rule H. Res. 161. (consideration: CR H3159-3182)

    Source: Floor

29. 14 June 2001

    Passed

    Rule H. Res. 161 passed House.

    Source: Floor

30. 20 December 2001

    Passed

    Passed Senate without amendment by Unanimous Consent. (consideration: CR S13830)

    Source: Floor

31. 20 December 2001

    Passed

    Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S13830)

    Source: Floor

32. 4 January 2002

    Floor

    Presented to President.

    Source: Floor

33. 4 January 2002

    President

    Presented to President.

    Source: President

34. 16 January 2002

    Became law

    Became Public Law No: 107-123.

    Source: President

35. 16 January 2002

    Became law

    Signed by President.

    Source: BecameLaw

36. 16 January 2002

    President

    Signed by President.

    Source: President

Votes

No vote records are attached yet.

Versions

• Enrolled Bill · undated · Official file
• Public Law · 16 January 2002 · Official file
• Engrossed in House · 14 June 2001 · Official file
• Placed on Calendar Senate · 14 June 2001 · Official file
• Reported in House · 25 May 2001 · Official file
• Introduced in House · 19 March 2001 · Official file

Documents

15 official files

• Enrolled Bill (text)

  Enrolled Bill · EN

  ViewDownloadOpen at official source

• Enrolled Bill (PDF)

  Enrolled Bill · EN

  ViewDownloadOpen at official source

• Public Law (text)

  Public Law · EN · 16 January 2002

  ViewDownloadOpen at official source

• Public Law (PDF)

  Public Law · EN · 16 January 2002

  ViewDownloadOpen at official source

• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN · 14 June 2001

  ViewDownloadOpen at official source

• Placed on Calendar Senate (PDF)

  Placed on Calendar Senate · EN · 14 June 2001

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 14 June 2001

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 14 June 2001

  ViewDownloadOpen at official source

• Passed House amended

  summary · EN · 14 June 2001

  Open at official source

• Reported in House (text)

  Reported in House · EN · 25 May 2001

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 25 May 2001

  ViewDownloadOpen at official source

• Reported to House amended, Part I

  summary · EN · 1 May 2001

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 19 March 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 19 March 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 19 March 2001

  Open at official source

Sponsors

• Rep. Fossella, Vito [R-NY-13] · R · Sponsor
• Rep. Oxley, Michael G. [R-OH-4] · R · Sponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Sponsor
• Rep. Kelly, Sue W. [R-NY-19] · R · Sponsor
• CAROLYN MALONEY · D · Sponsor
• Sen. Menendez, Robert [D-NJ] · D · Sponsor
• Rep. Reynolds, Thomas M. [R-NY-26] · R · Sponsor
• ED ROYCE · R · Sponsor
• PETER KING · R · Sponsor
• Rep. Ose, Doug [R-CA-3] · R · Sponsor
• Rep. Roukema, Marge [R-NJ-5] · R · Sponsor
• Rep. Foley, Mark [R-FL-16] · R · Sponsor
• Sen. Toomey, Patrick [R-PA] · R · Sponsor
• Rep. Gillmor, Paul E. [R-OH-5] · R · Sponsor
• Rep. Miller, Gary G. [R-CA-31] · R · Sponsor
• Rep. Rogers, Mike J. [R-MI-8] · R · Sponsor
• Rep. Shadegg, John B. [R-AZ-3] · R · Sponsor
• Rep. Grucci, Felix J., Jr. [R-NY-1] · R · Sponsor
• Rep. Weldon, Dave [R-FL-15] · R · Sponsor
• Rep. Shays, Christopher [R-CT-4] · R · Sponsor
• Rep. Manzullo, Donald A. [R-IL-16] · R · Sponsor
• Rep. Ackerman, Gary L. [D-NY-7] · D · Sponsor
• JOSEPH CROWLEY · D · Sponsor
• Rep. Ford, Harold E., Jr. [D-TN-9] · D · Sponsor
• Rep. Moore, Dennis [D-KS-3] · D · Sponsor
• Rep. Blagojevich, Rod R. [D-IL-5] · D · Sponsor
• Rep. Israel, Steve [D-NY-3] · D · Sponsor
• Rep. Bentsen, Ken [D-TX-25] · D · Sponsor
• Rep. Bachus, Spencer [R-AL-6] · R · Sponsor
• Rep. Hart, Melissa A. [R-PA-4] · R · Sponsor
• WALTER JONES · R · Sponsor
• Rep. Ney, Robert W. [R-OH-18] · R · Sponsor
• Rep. Sweeney, John E. [R-NY-20] · R · Sponsor
• Rep. Ross, Mike [D-AR-4] · D · Sponsor
• Rep. Velázquez, Nydia M. [D-NY-7] · D · Sponsor
• ELIOT ENGEL · D · Sponsor
• Rep. Ryun, Jim [R-KS-2] · R · Cosponsor
• Rep. Ferguson, Mike [R-NJ-7] · R · Cosponsor
• Brad Sherman · D · Cosponsor
• Rep. Gonzalez, Charles A. [D-TX-20] · D · Cosponsor
• Rep. Maloney, James H. [D-CT-5] · D · Cosponsor
• Rep. Green, Mark [R-WI-8] · R · Cosponsor
• RODNEY FRELINGHUYSEN · R · Cosponsor
• Rep. Matsui, Robert T. [D-CA-3] · D · Cosponsor
• Rep. LaTourette, Steven C. [R-OH-14] · R · Cosponsor
• Rep. Otter, C. L. (Butch) [R-ID-1] · R · Cosponsor
• · hsgo00 · Standing
• · hsba00 · Standing

Related records

• related to → Providing for consideration of the bill (H.R. 1088) to amend the Securities Exchange Act of 1934 to reduce fees collected by the Securities and Exchange Commission, and for other purposes.
• related to ← Competitive Market Supervision Act of 2001