HR 6517 · 110th Congress 2007–2009, ended

To require the Securities and Exchange Commission to reinstate the uptick rule on short sales of securities.

Introduced Jul 16, 2008 Originated House Sponsor Gary L. Ackerman D-NY

Fact sheet

Latest action · Jul 16, 2008 Referred to the House Committee on Financial Services.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedJul 16, 2008
Passed HouseNot reached
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Directs the Securities and Exchange Commission (SEC) to: (1) reinstate rule 10a-1 (the uptick rule) governing short sales of securities; (2) rescind the prohibition against applying certain price tests to short sales; and (3) reinstate price test restrictions that applied to short sales of securities prior to SEC action in a specified proceeding on June 28, 2007.

Cosponsors 6

Members who signed on, in the order they did. Signatures ran from Jul 16, 2008 to Sep 25, 2008, with 2 there on the day it was introduced.

Seat	Cosponsor		Signed on
D-NY	Carolyn B. Maloney	Original	Jul 16, 2008
D-MA	Michael E. Capuano	Original	Jul 16, 2008
D-NY	Carolyn McCarthy		Jul 29, 2008
D-CO	Ed Perlmutter		Sep 18, 2008
D-NY	Anthony D. Weiner		Sep 23, 2008
D-NY	Nita M. Lowey		Sep 25, 2008

Actions 2

Everything that happened, newest first.

Jul 16, 2008Introduced in House
Jul 16, 2008Referred to the House Committee on Financial Services.

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

Jul 16, 2008Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.