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    <updateDate>2019-11-15T20:54:20Z</updateDate>
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    <introducedDate>2009-03-10</introducedDate>
    <congress>111</congress>
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            <date>2009-03-10T14:31:47Z</date>
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        <title>To require the Securities and Exchange Commission to reinstate the uptick rule on short sales of securities.</title>
        <congress>111</congress>
        <number>302</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2009-01-08</actionDate>
          <text>Referred to the House Committee on Financial Services.</text>
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          <item>
            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
          </item>
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        <title>To direct the Securities and Exchange Commission to suspend the application of mark-to-market accounting.</title>
        <congress>111</congress>
        <number>1909</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2009-04-02</actionDate>
          <text>Referred to the House Committee on Financial Services.</text>
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          <item>
            <type>Related bill</type>
            <identifiedBy>CRS</identifiedBy>
          </item>
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      <item>
        <title>A bill to require the Securities and Exchange Commission to reinstate the uptick rule and effectively regulate abusive short selling activities.</title>
        <congress>111</congress>
        <number>605</number>
        <type>S</type>
        <latestAction>
          <actionDate>2009-03-19</actionDate>
          <text>Sponsor introductory remarks on measure. (CR S3636-3539)</text>
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        <actionDate>2009-03-10</actionDate>
        <text>Sponsor introductory remarks on measure. (CR H3112, E613-614)</text>
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        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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        <fullName>Rep. Kirk, Mark Steven [R-IL-10]</fullName>
        <firstName>MARK</firstName>
        <lastName>KIRK</lastName>
        <party>R</party>
        <state>IL</state>
        <middleName>STEVEN</middleName>
        <district>10</district>
        <isByRequest>N</isByRequest>
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        <bioguideId>L000553</bioguideId>
        <fullName>Rep. LaTourette, Steven C. [R-OH-14]</fullName>
        <firstName>STEVEN</firstName>
        <lastName>LATOURETTE</lastName>
        <party>R</party>
        <state>OH</state>
        <middleName>C.</middleName>
        <district>14</district>
        <sponsorshipDate>2009-03-11</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>G000550</bioguideId>
        <fullName>Rep. Gingrey, Phil [R-GA-11]</fullName>
        <firstName>Phil</firstName>
        <lastName>Gingrey</lastName>
        <party>R</party>
        <state>GA</state>
        <district>11</district>
        <sponsorshipDate>2009-03-19</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001243</bioguideId>
        <fullName>Rep. Blackburn, Marsha [R-TN-7]</fullName>
        <firstName>Marsha</firstName>
        <lastName>Blackburn</lastName>
        <party>R</party>
        <state>TN</state>
        <district>7</district>
        <sponsorshipDate>2009-03-25</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001262</bioguideId>
        <fullName>Rep. Broun, Paul C. [R-GA-10]</fullName>
        <firstName>Paul</firstName>
        <lastName>Broun</lastName>
        <party>R</party>
        <state>GA</state>
        <middleName>C.</middleName>
        <district>10</district>
        <sponsorshipDate>2009-04-01</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
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    <subjects>
      <legislativeSubjects>
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          <name>Accounting and auditing</name>
        </item>
        <item>
          <name>Administrative law and regulatory procedures</name>
        </item>
        <item>
          <name>Banking and financial institutions regulation</name>
        </item>
        <item>
          <name>Financial services and investments</name>
        </item>
        <item>
          <name>Securities</name>
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        <item>
          <name>Securities and Exchange Commission (SEC)</name>
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      <policyArea>
        <name>Finance and Financial Sector</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2009-03-10</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2009-05-18T20:26:27Z</updateDate>
        <text><![CDATA[ <p>Stock Market Recovery Act of 2009 - Directs the Securities and Exchange Commission (SEC) to: (1) reinstate rule 10a-1 (the &quot;uptick rule,&quot; which prevents new short sales of a company's stock while its share price is falling); (2) rescind rule 201 of regulation SHO (which declares any short sale price test inapplicable to short sales in any security); and (3) reinstate price test restrictions that applied to short sales of securities before SEC action in a specified proceeding entitled &quot;Regulation SHO and Rule 10a-1,&quot; adopted June 28, 2007.</p> <p>Directs the SEC to suspend the application of mark-to-market accounting principles with respect to any class or category of transaction necessary or appropriate in the public interest and consistent with the protection of investors.</p>]]></text>
      </summary>
    </summaries>
    <title>Stock Market Recovery Act of 2009</title>
    <titles>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Stock Market Recovery Act of 2009</title>
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      <item>
        <titleType>Display Title</titleType>
        <title>Stock Market Recovery Act of 2009</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To direct the Securities and Exchange Commission to reinstate the "uptick rule" on short sales of securities and to suspend the application of mark-to-market accounting principles.</title>
      </item>
    </titles>
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        <type>Introduced in House</type>
        <date>2009-03-10T04:00:00Z</date>
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    <latestAction>
      <actionDate>2009-03-10</actionDate>
      <text>Referred to the House Committee on Financial Services.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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