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  <bill>
    <number>6512</number>
    <updateDate>2019-11-15T20:54:05Z</updateDate>
    <updateDateIncludingText>2019-11-15T20:54:05Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2012-09-21</introducedDate>
    <congress>112</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Mr. FITZPATRICK:H.R. 6512.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3[Page H6278]</pre>]]></constitutionalAuthorityStatementText>
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        <systemCode>hsba00</systemCode>
        <name>Financial Services Committee</name>
        <chamber>House</chamber>
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            <systemCode>hsba16</systemCode>
            <name>Capital Markets Subcommittee</name>
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                <name>Referred to</name>
                <date>2012-10-23T20:52:32Z</date>
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            <name>Referred to</name>
            <date>2012-09-21T13:03:30Z</date>
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        <actionDate>2012-10-23</actionDate>
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            <name>Capital Markets Subcommittee</name>
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        <text>Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.</text>
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        <actionDate>2012-09-21</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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            <name>Financial Services Committee</name>
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        <actionDate>2012-09-21</actionDate>
        <text>Introduced in House</text>
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        <actionDate>2012-09-21</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>F000451</bioguideId>
        <fullName>Rep. Fitzpatrick, Michael G. [R-PA-8]</fullName>
        <firstName>Michael</firstName>
        <lastName>Fitzpatrick</lastName>
        <party>R</party>
        <state>PA</state>
        <middleName>G.</middleName>
        <district>8</district>
        <isByRequest>N</isByRequest>
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    <policyArea>
      <name>Finance and Financial Sector</name>
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    <subjects>
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          <name>Administrative law and regulatory procedures</name>
        </item>
        <item>
          <name>Banking and financial institutions regulation</name>
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        <item>
          <name>Credit and credit markets</name>
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          <name>Securities</name>
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          <name>Securities and Exchange Commission (SEC)</name>
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        <name>Finance and Financial Sector</name>
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    <summaries>
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        <versionCode>00</versionCode>
        <actionDate>2012-09-21</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2012-11-15T13:54:52Z</updateDate>
        <text><![CDATA[ <p>Credible Ratings Act of 2012 - Amends the Securities Exchange Act of 1934 to require the annual internal controls report of each nationally recognized statistical rating organization (NRSRO) to the Securities and Exchange Commission (SEC) to contain a certification that the NRSRO monitors the credit ratings it issues, at least quarterly, in order to ensure that they are as accurate as possible based upon the NRSRO's procedures and methodologies as furnished to the SEC.</p>]]></text>
      </summary>
    </summaries>
    <title>Credible Ratings Act of 2012</title>
    <titles>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Credible Ratings Act of 2012</title>
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      <item>
        <titleType>Display Title</titleType>
        <title>Credible Ratings Act of 2012</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Securities Exchange Act of 1934 to require nationally recognized statistical rating organizations to certify that they monitor the accuracy of each credit ratings issued by the organization.</title>
      </item>
    </titles>
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        <type>Introduced in House</type>
        <date>2012-09-21T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-112hr6512ih/xml/BILLS-112hr6512ih.xml</url>
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    <latestAction>
      <actionDate>2012-10-23</actionDate>
      <text>Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.</text>
    </latestAction>
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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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