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House Bill 4546
115th Congress(2017-2018)
National Securities Exchange Regulatory Parity Act
Introduced
Introduced
Introduced in House on Dec 5, 2017
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Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 4546 (Reported-in-House)

Union Calendar No. 390

115th CONGRESS
2d Session
H. R. 4546

[Report No. 115–525]


To amend the Securities Act of 1933 to specify when a nationally traded security is exempt from State regulation of security offerings.

IN THE HOUSE OF REPRESENTATIVES

December 5, 2017

Mr. Royce of California (for himself and Mr. Hultgren) introduced the following bill; which was referred to the Committee on Financial Services

January 25, 2018

Additional sponsors: Mr. Gottheimer and Mr. Messer

January 25, 2018

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed

A BILL

To amend the Securities Act of 1933 to specify when a nationally traded security is exempt from State regulation of security offerings.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “National Securities Exchange Regulatory Parity Act”.

SEC. 2. Nationally traded securities exemption.

Section 18(b)(1) of the Securities Act of 1933 (15 U.S.C. 77r(b)(1)) is amended—

(1) by striking subparagraph (A);

(2) in subparagraph (B)—

(A) by inserting “a security designated as qualified for trading in the national market system pursuant to section 11A(a)(2) of the Securities Exchange Act of 1934 that is” before “listed”; and

(B) by striking “that has listing standards that the Commission determines by rule (on its own initiative or on the basis of a petition) are substantially similar to the listing standards applicable to securities described in subparagraph (A)”;

(3) in subparagraph (C), by striking “or (B)”; and

(4) by redesignating subparagraphs (B) and (C) as subparagraphs (A) and (B), respectively.

Union Calendar No. 390

115th CONGRESS
     2d Session
H. R. 4546
[Report No. 115–525]
A BILL
To amend the Securities Act of 1933 to specify when a nationally traded security is exempt from State regulation of security offerings.
January 25, 2018
Committed to the Committee of the Whole House on the State of the Union and ordered to be printed