H.R. 2868, To eliminate the exemption from State regulation for certain securities designated by national securities exchanges

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 2868 would eliminate the exemption from State regulation for certain securities designated by national securities exchanges.

Detailed Summary

<b>(This measure has not been amended since it was introduced. The summary of that version is repeated here.)</b>

Amends the Securities Act of 1933, with respect to exclusive federal registration of nationally traded securities, to exclude from exclusive federal regulation, and thus permit state regulation of, certain securities anyone of specified securities exchanges has listed (or authorized for listing) in a tier or segment for uncovered securities, according to standards for designating such a tier or segment the exchange has adopted.

Status of the Legislation

Latest Major Action: 10/23/2007: Passed/agreed to in House. Status: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.

Points in Favor

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Points Against

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