Senate Bill 3558
116th Congress(2019-2020)
A bill to require the Securities and Exchange Commission to prevent the Financial Industry Regulatory Authority from enforcing a certain rule of that Authority.
Introduced
Introduced in Senate on Mar 21, 2020
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3558
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No Senate votes have been held for this bill.
Summary
This bill directs the Securities and Exchange Commission to prevent the Financial Industry Regulatory Authority from enforcing that authority's rule requiring member brokers and dealers to annually inspect their offices for compliance with securities laws and regulations.
March 21, 2020
03/21/2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
03/21/2020
Introduced in Senate
Public Record
Record Updated
Feb 9, 2022 12:55:51 AM