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Unlisted Trading Privileges Act of 1994

Act Details

Unlisted Trading Privileges Act of 1994 was, as a bill, a proposal (now, a piece of legislation) introduced on 1994-05-26 in the House of Commons and Senate respectively of the 103 United States Congress by Ronald Lee Wyden in relation with: Administrative procedure, Finance and financial sector, Government operations and politics, Independent regulatory commissions, Information disclosure (Securities law), Securities, Securities and Exchange Commission, Securities industry, Securities regulation, Stock exchanges.

Unlisted Trading Privileges Act of 1994 became law (1) in the United States on 1994-10-22. It was referred to the following Committee(s): (2)

House Energy and Commerce (HSIF)
sub Subcommittee on Telecommunications and Finance (sub 01)

Sponsor

Ronald Lee Wyden, member of the US congress
Ronald Lee Wyden, Democrat, Senator from Oregon

The proposal had the following cosponsors:

Barbara-rose Collins, Democrat, Representative, from Michigan
Cardiss Collins, Democrat, Representative, from Illinois
Jim Cooper, Representative, from Tennessee, district 5
John David Dingell, Democrat, Representative, from Michigan, district 16
John Dennis Hastert, Republican, Representative, from Illinois, district 14

Edward John Markey, Democrat, Representative, from Massachusetts, district 7
Carlos John Moorhead, Republican, Representative, from California
Bill Richardson, Democrat, Representative, from New Mexico, district 3

Act Overview

Number: 4535 (3)
Official Title as Introduced: To amend the Securities Exchange Act of 1934 with respect to the extension of unlisted trading privileges for corporate securities, and for other purposes (4)
Short Title: Unlisted Trading Privileges Act of 1994
Date First Introduced: 1994-05-26
Sponsor Name:
Assignment Process: See Committe Assignments (5)
Latest Major Activity/Action: Enacted
Date Enacted (signed, in general (6), by President): 1994-10-22
Type: hr (7)
Main Topic: Finance and financial sector
Related Bills: (8)
s2192-103, Reason: identical, Type: bill
Summary of Unlisted Trading Privileges Act of 1994: Govtrack. Authored by the Congressional Research Service (CRS) of the Library of Congress.
Primary Source: Congress Website

Text of the Unlisted Trading Privileges Act of 1994

Unlisted Trading Privileges Act of 1994 – Amends the Securities Exchange Act of 1934 to modify the guidelines under which a national securities exchange may extend unlisted trading privileges for corporate securities. Directs the Securities and Exchange Commission to prescribe as necessary the time period after commencement of an initial public offering during which a national securities exchange is prohibited from extending unlisted trading privileges. Subjects the extension of unlisted trading privileges by a national securities exchange to Commission rules and/or approval. Provides for suspension and reinstatement of such privileges.

Act Notes

[Note 1] An Act (like Unlisted Trading Privileges Act of 1994) or a resolution cannot become a law in the United States until it has been approved (passed) in identical form by both the House of Representatives and the Senate, as well as signed by the President (but see (5)). If the two bodys of the Congress versions of an Act are not identical, one of the bodies might decide to take a further vote to adopt the bill (see more about the Congress process here). An Act may be pass in identical form with or without amendments and with or without conference. (see more about Enrollment).
[Note 2] Proposals are referred to committees for preliminary consideration, then debated, amended, and passed (or rejected) by the full House or Senate. To prevent endless shuttling of bills between the House and Senate, bills like Unlisted Trading Privileges Act of 1994 are referred to joint committees made up of members of both houses.
[Note 3] For more information regarding this legislative proposal, go to THOMAS, select “Bill Number,” search on (Unlisted Trading Privileges Act of 1994)
[Note 4] To amend the Securities Exchange Act of 1934 with respect to the extension of unlisted trading privileges for corporate securities, and for other purposes. The current official title of a bill is always present, assigned at introduction (for example, in this case, on 1994-05-26) and can be revised any time. This type of titles are sentences.
[Note 5] The Act is referred to the appropriate committee by the Speaker of any of the two Houses. Bills are placed on the calendar of the committee to which they have been assigned. See Assignment Process.
[Note 6] Regarding exceptions to President´s approval, a bill that is not signed (returned unsigned) by the President can still become law if at lest two thirds of each of the two bodys of the Congress votes to pass it, which is an infrequent case. See also Presidential Veto.
[Note 7] Legislative Proposal types can be: hr, hres, hjres, hconres, s, sres, sjres, sconres. A bill originating in the Senate is designated by the letter “S”, and a bill originating from the House of Representatives begins with “H.R.”, followed, in both cases, by its individual number which it retains throughout all its parliamentary process.
[Note 8] For information regarding related bill/s to Unlisted Trading Privileges Act of 1994, go to THOMAS.

Analysis

No analysis (criticism, advocacy, etc.) about Unlisted Trading Privileges Act of 1994 submitted yet.

Administrative procedure
Finance and financial sector
Government operations and politics
Independent regulatory commissions
Information disclosure (Securities law)
Securities
Securities and Exchange Commission
Securities industry
Securities regulation
Stock exchanges

Unlisted Trading Privileges Act of 1994

Unlisted Trading Privileges Act of 1994