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Searching...- Bills
- H.R.1406
H.R.1406: Stock Market Recovery Act of 2009
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced March 10, 2009
- Latest Major Action March 10, 2009
Bill Sponsor
Bill Cosponsors
4 (All Republicans)
Bill Summary
Stock Market Recovery Act of 2009 - Directs the Securities and Exchange Commission (SEC) to: (1) reinstate rule 10a-1 (the "uptick rule," which prevents new short sales of a company's stock while its share price is falling); (2) rescind rule 201 of regulation SHO (which declares any short sale price test inapplicable to short sales in any security); and (3) reinstate price test restrictions that applied to short sales of securities before SEC...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Financial Services.
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| March 10, 2009 |
Introduced in the House by Mark Steven Kirk (R-Ill.) |