Bill114th CongressFiled Mar 3, 2015Finance and Financial Sector
H.R. 1216
Maker-Taker Conflict of Interest Reform Act of 2015
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Mar 3, 2015)
Maker-Taker Conflict of Interest Reform Act of 2015
This bill directs the Securities and Exchange Commission (SEC) to initiate a six-month pilot program that examines maker-taker pricing (any pricing model by a trading venue that provides rebates, or comparable inducements, or fees to market participants to either provide liquidity to, or take liquidity from, that trading venue).
In conducting this program, the SEC is required to:
- identify, out of the 100 issuers with the most frequently-traded securities, a random sample of 50 issuers (the "sample group");
- prohibit the payment of rebates (or comparable inducements) on any trade of securities of the issuers in the sample group; and
- compare the effects of such prohibition on the issuers in the sample group compared to the other 50 issuers in the "control group."
What just happenedMar 3, 2015
Referred to the House Committee on Financial Services.
Who’s behind it
Rep. Lynch, Stephen F. [D-MA-8](D-MA)Sponsor
3 cosponsors3 D
3cosponsors1committees3actions4subjects
- Introduced in HouseMar 3, 2015
- Mar 3, 2015IntroReferralH11100
Referred to the House Committee on Financial Services.
Financial Services Committee - Mar 3, 2015IntroReferralIntro-H
Introduced in House
- Mar 3, 2015IntroReferral1000
Introduced in House