H.R.1539: Asset-Backed Market Stabilization Act of 2011

About This Bill

  • This bill was introduced in the 112th Congress
  • This bill is primarily about finance and financial sector
  • Introduced April 14, 2011
  • Latest Major Action Aug. 12, 2011

Bill Cosponsors

3 (1 Democrat, 2 Republicans)

Bill Summary

Asset-Backed Market Stabilization Act of 2011 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the voiding of, and so restore, Securities and Exchange Commission Rule 436G (which exempts credit ratings provided by nationally recognized statistical rating organizations [NRSROs] from being considered a part of the registration statement prepared or certified by a person under the Securities Act of 1933).

(Source: Library of Congress)

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.1539.

Bill Actions

Date Description
Hearings Held Prior to Introduction.
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 18 - 14 .
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 31 - 19.
Reported by the Committee on Financial Services. H. Rept. 112-196.
Placed on the Union Calendar, Calendar No. 125.
April 14, 2011

Introduced in the House by Steve Stivers (R-Ohio)

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