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Bill114th CongressFiled Jul 10, 2015Finance and Financial Sector
H.R. 3032

Securities and Exchange Commission Reporting Modernization Act

Bill journey · stage 2 of 5

Under committee review

Filed
Comm.
Floor
Both
Law

What it doesSummary passed house without amendment (Nov 16, 2015)

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Securities and Exchange Commission Reporting Modernization Act

(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.

(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.)

What just happenedNov 17, 2015

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. Sinema, Kyrsten [D-AZ-9](D-AZ)Sponsor
2 cosponsors1 D1 R
Read on Congress.gov
2cosponsors2committees16actions5subjects
  1. Nov 17, 2015IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Banking, Housing, and Urban Affairs Committee
  2. Nov 16, 2015FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Nov 16, 2015FloorH37300

    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8219)

  4. Nov 16, 2015Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8219)

  5. Nov 16, 2015FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 3032.

  6. Nov 16, 2015FloorH30000

    Considered under suspension of the rules. (consideration: CR H8219)

  7. Nov 16, 2015FloorH30300

    Mr. Hensarling moved to suspend the rules and pass the bill.

  8. Nov 16, 2015CalendarsH12410

    Placed on the Union Calendar, Calendar No. 258.

  9. Nov 16, 2015CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 114-337.

    Financial Services Committee
  10. Nov 16, 2015Committee5000

    Reported by the Committee on Financial Services. H. Rept. 114-337.

    Financial Services Committee
  11. Jul 29, 2015Committee

    Ordered to be Reported by the Yeas and Nays: 58 - 0.

    Financial Services Committee
  12. Jul 29, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  13. Jul 28, 2015Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  14. Jul 10, 2015IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  15. Jul 10, 2015IntroReferralIntro-H

    Introduced in House

  16. Jul 10, 2015IntroReferral1000

    Introduced in House

Passed House without amendmentNov 16, 201581

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Securities and Exchange Commission Reporting Modernization Act

(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.

(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.)

Introduced in HouseJul 10, 2015

Securities and Exchange Commission Reporting Modernization Act

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.

(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.)

Securities and Exchange Commission Reporting Modernization Act — Informed