Emergency Securities Response Act of 2001

Fact Sheet API

Bill Number

HR 3060

Introduced

Oct 9, 2001

Latest Action

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

Sponsor

Cosponsors

Topics

Administrative procedure Commerce Emergency Management Finance and Financial Sector Financial crises Futures trading Government Operations and Politics Independent regulatory commissions Investors Law Mutual funds Securities and Exchange Commission Securities industry Securities regulation Stock exchanges

Full Text

View Full Bill Text

Votes

Summary

Emergency Securities Response Act - Amends the Securities Exchange Act of 1934 to extend the emergency order authority of the Securities and Exchange Commission (SEC) as it determines necessary to reduce, eliminate, or prevent the substantial disruption of: (1) securities markets, investment companies, or any other significant portion or segment of such markets; or (2) the transmission or processing of securities transactions. Extends the duration of such order from the current ten-day maximum to 30 business days unless the SEC finds that the emergency still exists and that further extension is in the public interest and necessary for investor protection. Establishes 90 calendar days as the maximum duration of an SEC emergency order.

Actions

Nov 14, 2001

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 13, 2001

Motion to reconsider laid on the table Agreed to without objection.
Nov 13, 2001

On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H8065)
Nov 13, 2001

Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H8065)
Nov 13, 2001

DEBATE - The House proceeded with forty minutes of debate on H.R. 3060.
Nov 13, 2001

Considered under suspension of the rules. (consideration: CR H8065-8067)
Nov 13, 2001

Mr. Oxley moved to suspend the rules and pass the bill.
Nov 13, 2001

Placed on the Union Calendar, Calendar No. 170.
Nov 13, 2001

Reported by the Committee on Financial Services. H. Rept. 107-283.
Oct 11, 2001

Ordered to be Reported by Voice Vote.
Oct 11, 2001

Committee Consideration and Mark-up Session Held.
Oct 9, 2001

Referred to the House Committee on Financial Services.
Oct 9, 2001

Introduced in House

Amendments

Related Bills