National Securities Exchange Regulatory Parity Act of 2016

Bill: 114-hr-5421
Sponsor: Rep. Royce, Edward R. [R-CA-39]
Introduced: 2016-06-09 in the House
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures
Banking and financial institutions regulation
Securities
Securities and Exchange Commission (SEC)
State and local government operations

Summary:
action_date: 2016-06-09
text: 
 
National Securities Exchange Regulatory Parity Act of 2016 

 
This bill amends the Securities Act of 1933, regarding the exemption of certain securities from state regulation, to eliminate the specific limitation to federal regulation of securities that are either listed or authorized for listing on: (1) the New York Stock Exchange, (2) the American Stock Exchange, (3) the National Market System of the Nasdaq Stock Market, or (4) any successor to such entities. 
 
The bill replaces such specific limitations with a general exemption from state regulation of any securities listed on a national securities exchange whose listing standards are approved by the Securities and Exchange Commission.

action_date: 2016-07-12
text: 

National Securities Exchange Regulatory Parity Act of 2016 

 
(Sec. 2) This bill amends the Securities Act of 1933, regarding the exemption of certain securities from state regulation, to replace limitations based upon listing on specific stock exchanges with a general exemption from state regulation of any securities listed on a national exchange whose listing standards are approved by the Securities and Exchange Commission (SEC), consistent with SEC rules that establish minimum core quantitative listing standards.


Legislative actions:
action_date: 2016-07-13
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2016-07-12
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2016-07-12
text: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4684-4685)
action_date: 2016-07-12
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H4684-4685)
action_date: 2016-07-12
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 5421.
action_date: 2016-07-12
text: Considered under suspension of the rules. (consideration: CR H4684-4686)
action_date: 2016-07-12
text: Mr. Royce moved to suspend the rules and pass the bill, as amended.
action_date: 2016-07-12
text: Placed on the Union Calendar, Calendar No. 530.
action_date: 2016-07-12
text: Reported by the Committee on Financial Services. H. Rept. 114-684.
action_date: 2016-07-12
text: Reported by the Committee on Financial Services. H. Rept. 114-684.
action_date: 2016-06-16
text: Ordered to be Reported by the Yeas and Nays: 47 - 12.
action_date: 2016-06-16
text: Committee Consideration and Mark-up Session Held.
action_date: 2016-06-15
text: Committee Consideration and Mark-up Session Held.
action_date: 2016-06-09
text: Referred to the House Committee on Financial Services.
action_date: 2016-06-09
text: Introduced in House
action_date: 2016-06-09
text: Introduced in House