Securities and Exchange Commission Reporting Modernization Act

Bill: 114-hr-3032
Sponsor: full_name: Rep. Sinema, Kyrsten [D-AZ-9]
Introduced: 2015-07-10
Policy area: Finance and Financial Sector
Subjects: Bank accounts, deposits, capital

Banking and financial institutions regulation

Congressional oversight

Right of privacy

Securities and Exchange Commission (SEC)
Latest action: action_date: 2015-11-17
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2015-07-10
action_desc: Introduced in House
text: <p> <b>Securities and Exchange Commission Reporting Modernization Act</b></p> <p>This bill amends the Securities Exchange Act of 1934 to repeal the requirement that the Securities and Exchange Commission (SEC) compile an annual tabulation of the occasions on which it used specified law, including the Right to Financial Privacy Act of 1978, to obtain access to financial records of a customer and include it in its annual report to the Congress.</p> <p>(The specified law referred to is the authority of the SEC to gain access to and obtain copies of, or the information contained in, financial records of a customer from a financial institution without prior notice to the customer upon an ex parte showing to an appropriate U.S. district court that the SEC seeks such records pursuant to a subpena, if certain circumstances exist and certain requirements are met.)</p>

action_date: 2015-11-16
action_desc: Passed House without amendment
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p><b>Securities and Exchange Commission Reporting Modernization Act</b></p> <p>(Sec. 2) This bill amends the Securities Exchange Act of 1934 to repeal the requirement that the Securities and Exchange Commission (SEC) compile an annual tabulation of the occasions on which it has used specified law, including the Right to Financial Privacy Act of 1978, to obtain access to financial records of a customer and include it in its annual report to the Congress.</p> <p>(The specified law referred to is the authority of the SEC to gain access to and obtain copies of, or the information contained in, financial records of a customer from a financial institution without prior notice to the customer upon an ex parte showing to an appropriate U.S. district court that the SEC seeks such records pursuant to a subpena, if certain circumstances exist and certain requirements are met.)</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 3032 IN THE HOUSE OF REPRESENTATIVES July 10, 2015 Ms. Sinema (for herself and Mr. Hurt of Virginia ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Securities Exchange Act of 1934 to repeal a certain reporting requirement of the Securities and Exchange Commission.

1. Short title This Act may be cited as the Securities and Exchange Commission Reporting Modernization Act . 2. Elimination of reporting requirement Paragraph (6) of section 21(h) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78u(h) ) is repealed.

tv_txt: I 114th CONGRESS 1st Session H. R. 3032 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Securities Exchange Act of 1934 to repeal a certain reporting requirement of the Securities and Exchange Commission.

1. Short title This Act may be cited as the Securities and Exchange Commission Reporting Modernization Act . 2. Elimination of reporting requirement Paragraph (6) of section 21(h) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78u(h) ) is repealed.

Passed the House of Representatives November 16, 2015. Karen L. Haas, Clerk.

tv_txt: IIB 114th CONGRESS 1st Session H. R. 3032 IN THE SENATE OF THE UNITED STATES November 17, 2015 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT To amend the Securities Exchange Act of 1934 to repeal a certain reporting requirement of the Securities and Exchange Commission.

1. Short title This Act may be cited as the Securities and Exchange Commission Reporting Modernization Act . 2. Elimination of reporting requirement Paragraph (6) of section 21(h) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78u(h) ) is repealed.

Passed the House of Representatives November 16, 2015. Karen L. Haas, Clerk

tv_txt: IB Union Calendar No. 258 114th CONGRESS 1st Session H. R. 3032 [Report No. 114–337] IN THE HOUSE OF REPRESENTATIVES July 10, 2015 Ms. Sinema (for herself and Mr. Hurt of Virginia ) introduced the following bill; which was referred to the Committee on Financial Services November 16, 2015 Additional sponsor: Mr. Kildee November 16, 2015 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To amend the Securities Exchange Act of 1934 to repeal a certain reporting requirement of the Securities and Exchange Commission.

1. Short title This Act may be cited as the Securities and Exchange Commission Reporting Modernization Act . 2. Elimination of reporting requirement Paragraph (6) of section 21(h) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78u(h) ) is repealed.

November 16, 2015 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed