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- S.605
S.605: A bill to require the Securities and Exchange Commission to reinstate the uptick rule and effectively regulate abusive short selling activities.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about finance and financial sector
- Introduced March 16, 2009
- Latest Major Action March 19, 2009
Bill Sponsor
Bill Cosponsors
7 (3 Democrats, 5 Republicans)
Bill Summary
Directs the Securities and Exchange Commission (SEC) to take specified actions to regulate short sales of securities, including: (1) reinstating regulations in effect on July 5, 2007, prohibiting short sales of securities unless the previous price movement on such securities had been upward (the uptick rule); (2) rescinding the prohibition against applying certain price tests to short sales; (3) requiring trades by short sellers to yield...
(Source: Library of Congress)
Bill Actions
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Sponsor introductory remarks on measure.
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Referred to the Committee on Banking, Housing, and Urban Affairs.
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Sponsor introductory remarks on measure.
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| March 16, 2009 |
Introduced in the Senate by Edward E. Kaufman (D-Del.) |