H.R.6517 - To require the Securities and Exchange Commission to reinstate the uptick rule on short sales of securities.

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  • Official: To require the Securities and Exchange Commission to reinstate the uptick rule on short sales of securities. as introduced.

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Introduced
 
House
Passes
 
Senate
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President
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07/15/08
 
 
 
 
 
 
 

Official Summary

7/16/2008--Introduced.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 app

Official Summary

7/16/2008--Introduced.
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.


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Recent Blog Coverage

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12/11/10
H.R.6517: Omnibus Trade Act of 2010 - U.S. Congress - OpenCongress

On December 22, the House and Senate by unanimous consent approved H.R. 6517, the Omnibus Trade Act of 2010 (Trade Act), clearing the bill for the President's signature. The bill amends the Trade and Globalization ...

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12/15/08
Washington Wire - WSJ.com : SEC's Cox: 'Gravely Concerned' About ...

It is time for Congress to take pass H.R. 6517, and reinstate the rule promptly. ============================= Wall Street Journal Op Ed, December 9, 2008 Highlights http://online.wsj.com/article/SB122878208553589809.html ...

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10/21/08
Listed Companies Concerned about Short Selling Abuses Urge SEC to ...

A House bill, HR 6517, would order the SEC to reinstate the uptick rule within 90 days. In the wake of the elimination of the uptick rule, noted bill sponsor Gary Ackerman, many volatile stocks that the regulation was designed to ...

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