3.0.0 605 2023-01-11T13:19:44Z 2023-01-11T13:19:44Z Senate S S 2009-03-16 111 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2009-03-16T22:26:35Z 111 302 HR 2009-01-08 Referred to the House Committee on Financial Services. Related bill CRS 111 1406 HR 2009-03-10 Referred to the House Committee on Financial Services. Related bill CRS 2009-03-19 Sponsor introductory remarks on measure. (CR S3636-3539) IntroReferral B00100 9 Library of Congress 2009-03-16 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S3121) IntroReferral 2009-03-16 Sponsor introductory remarks on measure. (CR S3120-3121, S3121) IntroReferral B00100 9 Library of Congress 2009-03-16 Introduced in Senate IntroReferral 10000 9 Library of Congress K000373 Sen. Kaufman, Edward E. [D-DE] Edward Kaufman D DE E. N I000055 Sen. Isakson, Johnny [R-GA] Johnny Isakson R GA 2009-03-16 True T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT 2009-03-16 True C000286 Sen. Chambliss, Saxby [R-GA] SAXBY CHAMBLISS R GA 2009-03-23 False S000709 Sen. Specter, Arlen [R-PA] ARLEN SPECTER R PA 2009-04-02 False H000338 Sen. Hatch, Orrin G. [R-UT] ORRIN HATCH R UT GRANT 2009-12-05 False B000382 Sen. Bennett, Robert F. [R-UT] ROBERT BENNETT R UT F. 2009-12-11 False Finance and Financial Sector Administrative law and regulatory procedures Financial services and investments Securities Securities and Exchange Commission (SEC) Finance and Financial Sector

00 2009-03-16 Introduced in Senate 2009-06-12T18:59:41Z Directs the Securities and Exchange Commission (SEC) to take specified actions to regulate short sales of securities, including: (1) reinstating regulations in effect on July 5, 2007, prohibiting short sales of securities unless the previous price movement on such securities had been upward (the uptick rule); (2) rescinding the prohibition against applying certain price tests to short sales; (3) requiring trades by short sellers to yield priority and preference to transactions effected by long sellers of securities; (4) prohibiting short sales of securities of financial institutions unless such trades are effected at a price (in minimum lots, as specified by the SEC) that is at least 5 cents higher than the immediately preceding transaction in such securities; and (5) issuing regulations that prohibit short sales unless the seller can demonstrate a legally enforceable right to deliver the securities at the required delivery date and that require all short sales to settle on the same time frame employed for long sales of the same securities.

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Display Title Official Title as Introduced Introduced in Senate IS Introduced in Senate 2009-03-16T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s605is/xml/BILLS-111s605is.xml 2009-03-19 Sponsor introductory remarks on measure. (CR S3636-3539) 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.