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- S.1260
S.1260: Securities Litigation Uniform Standards Act of 1998
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about congress
- Introduced Oct. 7, 1997
- Latest Major Action Nov. 3, 1998
Bill Sponsor
Bill Cosponsors
43 (11 Democrats, 33 Republicans)
Bill Summary
TABLE OF CONTENTS: Title I: Securities Litigation Uniform Standards Title II: Reauthorization of the Securities and Exchange Commission Title III: Clerical and Technical Amendments Securities Litigation Uniform Standards Act of 1998 - Title I: Securities Litigation Uniform Standards - Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to prohibit any private class action based upon State statutory or common law in State...
(Source: Library of Congress)
Bill Actions
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Banking.
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Subcommittee on Securities. Hearings held. Hearings printed: S.Hrg. 105-420.
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Subcommittee on Securities. Hearings held. Hearings printed: S.Hrg. 105-897.
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Committee on Banking. Ordered to be reported with an amendment in the nature of a substitute favorably.
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Committee on Banking. Reported to Senate by Senator D'Amato with an amendment in the nature of a substitute. With written report No. 105-182. Additional views filed.
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Placed on Senate Legislative Calendar under General Orders. Calendar No. 355.
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Measure laid before Senate by unanimous consent.
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The committee substitute as amended agreed to by Voice Vote.
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Passed Senate with an amendment by Yea-Nay Vote. 79-21. Record Vote No: 135.
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Received in the House.
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Message on Senate action sent to the House.
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Held at the desk.
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Mr. Bliley asked unanimous consent to take from the Speaker's table and consider.
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Considered by unanimous consent.
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The House struck all after the enacting clause and inserted in lieu thereof the provisions of a similar measure H.R. 1689. Agreed to without objection.
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On passage Passed without objection.
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A similar measure H.R. 1689 was laid on the table without objection.
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Motion to reconsider laid on the table Agreed to without objection.
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Message on House action received in Senate and at desk: House amendment to Senate bill.
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Senate disagreed to House amendment requested conference and appointed conferees. D'Amato; Gramm; Shelby; Sarbanes; Dodd.
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Message on Senate action sent to the House.
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Mr. Oxley asked unanimous consent that the House insist upon its amendment, and agree to a conference.
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On motion that the House insist upon its amendment, and agree to a conference Agreed to without objection.
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Motion to reconsider laid on the table Agreed to without objection.
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The Speaker appointed conferees: Bliley, Oxley, Tauzin, Cox, White, Dingell, Stupak, and Eshoo.
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Conferees agreed to file conference report.
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Conference papers: Senate report and managers' statement and official papers held at the desk in Senate.
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Conference report H. Rept. 105-803 filed.
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Senate agreed to conference report by Unanimous Consent.
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Message on Senate action sent to the House.
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Mr. Bliley moved to suspend the rules and agree to the conference report, H. Rept. 105-803.
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DEBATE - The House proceeded with forty minutes of debate.
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CORRECTION OF MANAGERS STATEMENT - Mr. Bliley asked unanimous consent that the Statement of Managers contained in the House version of the conference report be corrected to reflect the Statement of Managers contained in the Senate version. Agreed to without objection.
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At the conclusion of debate the Chair put the question on agreeing to the conference report by voice vote and announced that the ayes had prevailed. Mr. Dingell objected to the voice vote pending the absence of a quorum. Further proceedings were postponed. The point of no quorum was considered as withdrawn.
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The House proceeded to consider the conference report H.Rept. 105-803 as unfinished business.
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Motions to reconsider laid on the table Agreed to without objection.
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On motion to suspend the rules and agree to the conference report Agreed to by the Yeas and Nays: (2/3 required): 319 - 82, 1 Present (Roll No. 528).
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Cleared for White House.
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Presented to President.
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Signed by President.
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Became Public Law No: 105-353.
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| Oct. 7, 1997 |
Introduced in the Senate by Phil Gramm (R-Texas) |