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- S.3947
S.3947: Intelligent Tick Study Act
About This Bill
- Introduced March 29, 2022
- Latest Major Action March 29, 2022
Bill Sponsor
Bill Version
- Introduced in Senate - March 29, 2022
Bill Summary
Intelligent Tick Study Act This bill authorizes the Securities and Exchange Commission (SEC) to mandate the use of larger tick sizes in the trade of the securities of emerging growth companies. Tick size is the minimum price increment of a trading instrument. Specifically, the bill authorizes the SEC to designate a tick size larger than $0.01 but not more than $0.25 for these securities. The SEC must report on the impact of potential...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| March 29, 2022 |
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
| March 29, 2022 |
Introduced in the Senate by John Kennedy (R-La.) |