To establish the Securities and Derivatives Commission in order to combine the functions of the Commodity Futures Trading Commission and the Securities and Exchange Commission in a single independent regulatory commission.
USA115th CongressHR-594| House
| Updated: 2/13/2017
Michael E. Capuano
Democratic Representative
Massachusetts
Cosponsors (1)
Commodity Markets, Digital Assets, and Rural Development Subcommittee, Agriculture Committee, Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Markets and Trading Reorganization Act This bill establishes the Securities and Derivatives Commission as an independent regulatory body and transfers to the commission all functions, officers, and components of the Commodity Futures Trading Commission and the Securities and Exchange Commission. The new commission shall establish the following principal divisions: (1) a Markets and Trading Division that has oversight of market conduct and utilities, the conduct of market professionals, and self-regulatory organizations with regard to such market professionals; (2) an Issuers and Financial Disclosures Division that has oversight of the issuance of securities; and (3) an Enforcement Division that enforces commission rules.
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Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Finance and Financial Sector
Banking and financial institutions regulationCommodities marketsCommodity Futures Trading CommissionExecutive agency funding and structureFinancial services and investmentsSecuritiesSecurities and Exchange Commission (SEC)User charges and fees
To establish the Securities and Derivatives Commission in order to combine the functions of the Commodity Futures Trading Commission and the Securities and Exchange Commission in a single independent regulatory commission.
USA115th CongressHR-594| House
| Updated: 2/13/2017
Markets and Trading Reorganization Act This bill establishes the Securities and Derivatives Commission as an independent regulatory body and transfers to the commission all functions, officers, and components of the Commodity Futures Trading Commission and the Securities and Exchange Commission. The new commission shall establish the following principal divisions: (1) a Markets and Trading Division that has oversight of market conduct and utilities, the conduct of market professionals, and self-regulatory organizations with regard to such market professionals; (2) an Issuers and Financial Disclosures Division that has oversight of the issuance of securities; and (3) an Enforcement Division that enforces commission rules.
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Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
Michael E. Capuano
Democratic Representative
Massachusetts
Cosponsors (1)
Commodity Markets, Digital Assets, and Rural Development Subcommittee, Agriculture Committee, Financial Services Committee
Finance and Financial Sector
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Banking and financial institutions regulationCommodities marketsCommodity Futures Trading CommissionExecutive agency funding and structureFinancial services and investmentsSecuritiesSecurities and Exchange Commission (SEC)User charges and fees