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- H.R.3890
H.R.3890: Accountability and Transparency in Rating Agencies Act
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced Oct. 21, 2009
- Latest Major Action Dec. 17, 2010
Bill Sponsor
Bill Cosponsors
4 (All Democrats)
Bill Summary
Accountability and Transparency in Rating Agencies Act - (Sec. 2) Amends the Securities Exchange Act of 1934 to direct the Securities and Exchange Commission (SEC) to review credit ratings issued by each nationally recognized statistical rating organization (NRSRO) to ensure that the NRSRO has established and documented internal processes for determining credit ratings consistent with SEC rules. Requires each NRSRO to make available and...
(Source: Library of Congress)
Congressional Budget Office Estimate
Bill Actions
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Referred to the House Committee on Financial Services.
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Committee Consideration and Mark-up Session Held.
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Ordered to be Reported by the Yeas and Nays: 49 - 14.
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Reported (Amended) by the Committee on 111-685, Part I.
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Referred sequentially to the House Committee on the Judiciary for a period ending not later than Dec. 17, 2010 for consideration of such provisions of the bill and amendment as fall within the jurisdiction of that committee pursuant to clause 1(k) of rule X.
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Committee on Judiciary discharged.
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Placed on the Union Calendar, Calendar No. 406.
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| Oct. 21, 2009 |
Introduced in the House by Paul E. Kanjorski (D-Pa.) |