H.R.1539 - Asset-Backed Market Stabilization Act of 2011

To repeal section 939G of the Dodd-Frank Wall Street Reform and Consumer Protection Act and to restore Securities and Exchange Commission Rule 436(g) repealed by such section. view all titles (3)

All Bill Titles

  • Official: To repeal section 939G of the Dodd-Frank Wall Street Reform and Consumer Protection Act and to restore Securities and Exchange Commission Rule 436(g) repealed by such section. as introduced.
  • Short: Asset-Backed Market Stabilization Act of 2011 as introduced.
  • Short: Asset-Backed Market Stabilization Act of 2011 as reported to house.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
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04/14/11
 
 
 
 
 
 
 

Official Summary

Asset-Backed Market Stabilization Act of 2011 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the voiding of, and so restore, Securities and Exchange Commission Rule 436G (which exempts credit ratings provided by nationally recognized statistical rating orga

Official Summary

Asset-Backed Market Stabilization Act of 2011 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to repeal the voiding of, and so restore, Securities and Exchange Commission Rule 436G (which exempts credit ratings provided by nationally recognized statistical rating organizations [NRSROs] from being considered a part of the registration statement prepared or certified by a person under the Securities Act of 1933).

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Organizations Supporting H.R.1539

  • Ford Motor Company
  • The American Securitization Forum

Organizations Opposing H.R.1539

  • AFL-CIO
  • Consumer Federation of America
  • California Public Employees Retirement System
  • Americans for Financial Reform




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