3.0.0 657 2023-01-15T21:48:57Z 2023-01-15T21:48:57Z House H HR 2003-02-11 108 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2003-02-27T19:48:42Z hsba00 Financial Services Committee House Standing Reported by 2003-02-25T23:45:36Z Markup by 2003-02-13T20:42:55Z Referred to 2003-02-11T17:30:20Z H. Rept. 108-19 2003-02-27 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2003-02-26 13:41:30 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2003-02-26 13:41:27 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text of measure as passed House: CR H1341) Floor H37300 2 House floor actions 2003-02-26 13:41:27 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text of measure as passed House: CR H1341) Floor 8000 9 Library of Congress 2003-02-26 13:24:36 DEBATE - The House proceeded with forty minutes of debate on H.R. 657. Floor H8D000 2 House floor actions 2003-02-26 13:24:33 Considered under suspension of the rules. (consideration: CR H1341-1343) Floor H30000 2 House floor actions 2003-02-26 13:24:08 Mr. Garrett (NJ) moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2003-02-25 Placed on the Union Calendar, Calendar No. 13. Calendars H12410 2 House floor actions U00013 2003-02-25 Reported by the Committee on Financial Services. H. Rept. 108-19. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2003-02-25 Reported by the Committee on Financial Services. H. Rept. 108-19. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2003-02-13 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported. Committee 2003-02-13 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2003-02-11 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2003-02-11 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-02-11 Introduced in House IntroReferral 1000 9 Library of Congress G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 N O000163 Rep. Oxley, Michael G. [R-OH-4] MICHAEL OXLEY R OH G. 4 2003-02-11 True B000072 Rep. Baker, Richard H. [R-LA-6] RICHARD BAKER R LA H. 6 2003-02-11 True F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2003-02-11 True K000008 Rep. Kanjorski, Paul E. [D-PA-11] PAUL KANJORSKI D PA E. 11 2003-02-11 True E000287 Rep. Emanuel, Rahm [D-IL-5] Rahm Emanuel D IL 5 2003-02-11 True 2003-02-20T06:00:00Z H.R. 657, Emergency Securities Response Act of 2003 http://www.cbo.gov/publication/14281 <p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on February 13, 2003</p> 2003-02-20T06:00:00Z H.R. 657, Emergency Securities Response Act of 2003 https://www.cbo.gov/publication/14281 Cost estimate for the bill as ordered reported by the House Committee on Financial Services on February 13, 2003 Finance and Financial Sector Administrative procedure Commerce Department of the Treasury Economics and Public Finance Emergency Management Financial crises Futures trading Government Operations and Politics Government securities Independent regulatory commissions Investors Law Mutual funds Securities and Exchange Commission Securities industry Securities regulation Stock exchanges Finance and Financial Sector 00 2003-02-11 Introduced in House 2006-11-28T17:35:40Z Permits such emergency to extend beyond 30 business days, but no more than 90 calendar days, if the SEC finds that the emergency still exists and determines that the continuation of the emergency order beyond 30 business days is necessary in the public interest and for the protection of investors. Redefines emergency to include a major disturbance that substantially disrupts or threatens to substantially disrupt: (1) the functioning of securities markets, investment companies, or any other significant portion or segment of the securities markets; or (2) the transmission or processing of securities transactions.]]> 79 2003-02-25 Reported to House without amendment 2006-11-28T17:35:40Z Permits such emergency to extend beyond 30 business days, but no more than 90 calendar days, if the SEC finds that the emergency still exists and determines that the continuation of the emergency order beyond 30 business days is necessary in the public interest and for the protection of investors. Redefines emergency to include a major disturbance that substantially disrupts or threatens to substantially disrupt: (1) the functioning of securities markets, investment companies, or any other significant portion or segment of the securities markets; or (2) the transmission or processing of securities transactions.]]> 36 2003-02-26 Passed House amended 2006-11-28T17:35:40Z Permits such emergency to extend beyond 30 business days, but no more than 90 calendar days, if the SEC finds that the emergency still exists and determines that the continuation of the emergency order beyond 30 business days is necessary in the public interest and for the protection of investors. Redefines emergency to include a major disturbance that substantially disrupts, or threatens to substantially disrupt: (1) the functioning of securities markets, investment companies, or any other significant portion or segment of the securities markets; or (2) the transmission or processing of securities transactions.

Requires the Commission to consult with and consider the views of the Secretary of the Treasury, Board of Governors of the Federal Reserve System, and the Commodity Futures Trading Commission, prior to taking action extending the time frame of its emergency powers unless such consultation is impracticable in light of the emergency.

(Sec. 3) Grants the Secretary of the Treasury parallel authority to take any action with respect to a matter or action subject to regulation by the Secretary involving a government security or a market therein that the Commission may take with respect to securities transactions or a market therein.]]>

Emergency Securities Response Act of 2003 Display Title Emergency Securities Response Act of 2003 Official Title as Introduced To amend the Securities Exchange Act of 1934 to augment the emergency authority of the Securities and Exchange Commission. Introduced in House IH Short Titles as Introduced Emergency Securities Response Act of 2003 Short Titles as Reported to House Emergency Securities Response Act of 2003 H House Short Titles as Passed House Emergency Securities Response Act of 2003 H House Referred in Senate 2003-02-27T05:00:00Z Engrossed in House 2003-02-26T05:00:00Z Reported in House 2003-02-25T05:00:00Z Introduced in House 2003-02-11T05:00:00Z 2003-02-27 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.