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Bill114th CongressFiled Jun 9, 2016Finance and Financial Sector
H.R. 5421

National Securities Exchange Regulatory Parity Act of 2016

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (Jul 12, 2016)

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.

What just happenedJul 13, 2016

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

Who’s behind it

Rep. Royce, Edward R. [R-CA-39](R-CA)Sponsor
1 cosponsor1 R
Read on Congress.gov
1cosponsors2committees16actions5subjects
  1. Jul 13, 2016IntroReferral

    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. Jul 12, 2016FloorH38310

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

  3. Jul 12, 2016FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4684-4685)

  4. Jul 12, 2016Floor8000

    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)

  5. Jul 12, 2016FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 5421.

  6. Jul 12, 2016FloorH30000

    Considered under suspension of the rules. (consideration: CR H4684-4686)

  7. Jul 12, 2016FloorH30300

    Mr. Royce moved to suspend the rules and pass the bill, as amended.

  8. Jul 12, 2016CalendarsH12410

    Placed on the Union Calendar, Calendar No. 530.

  9. Jul 12, 2016CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 114-684.

    Financial Services Committee
  10. Jul 12, 2016Committee5000

    Reported by the Committee on Financial Services. H. Rept. 114-684.

    Financial Services Committee
  11. Jun 16, 2016Committee

    Ordered to be Reported by the Yeas and Nays: 47 - 12.

    Financial Services Committee
  12. Jun 16, 2016Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  13. Jun 15, 2016Committee

    Committee Consideration and Mark-up Session Held.

    Financial Services Committee
  14. Jun 9, 2016IntroReferralH11100

    Referred to the House Committee on Financial Services.

    Financial Services Committee
  15. Jun 9, 2016IntroReferralIntro-H

    Introduced in House

  16. Jun 9, 2016IntroReferral1000

    Introduced in House

Passed House amendedJul 12, 201636

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.

Introduced in HouseJun 9, 2016

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.

National Securities Exchange Regulatory Parity Act of 2016 — Informed