House Bill 3973
115th Congress(2017-2018)
Market Data Protection Act of 2017
Active
Passed House on Nov 13, 2017
Origin Chamber
House
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
3973
Congress
115
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.
checkPassed on November 13, 2017
Status
Passed
Type
Voice Vote
Voice Vote
A vote in which the presiding officer states the question, then asks those in favor and against to say "Yea" or "Nay," respectively, and announces the result according to his or her judgment. The names or numbers of senators voting on each side are not recorded.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H9140)
Summary
Market Data Protection Act of 2017
This bill amends the Securities Exchange Act of 1934 to require the Securities and Exchange Commission, the Financial Industry Regulatory Authority, and the operator of the consolidated audit trail (a database that tracks trading in equities and options markets) to develop internal risk control mechanisms to protect stored market data.
The operator of the consolidated audit trail may not accept market data until these mechanisms are developed.
November 14, 2017
November 13, 2017
November 9, 2017
October 5, 2017
11/14/2017
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
11/13/2017
Motion to reconsider laid on the table Agreed to without objection.
11/13/2017
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H9140)
11/13/2017
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H9140)
11/13/2017
DEBATE - The House proceeded with forty minutes of debate on H.R. 3973.
11/13/2017
Considered under suspension of the rules. (consideration: CR H9140-9142)
11/13/2017
Mr. Huizenga moved to suspend the rules and pass the bill.
11/09/2017
Placed on the Union Calendar, Calendar No. 299.
11/09/2017
Reported by the Committee on Financial Services. H. Rept. 115-405.
10/12/2017
Ordered to be Reported by the Yeas and Nays: 59 - 1.
10/12/2017
Committee Consideration and Mark-up Session Held.
10/11/2017
Committee Consideration and Mark-up Session Held.
10/05/2017
Referred to the House Committee on Financial Services.
10/05/2017
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:38:09 PM