3.0.0 1952 2022-11-15T16:34:23Z 2022-11-15T16:34:23Z House H HR 2013-05-13 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SCHWEIKERT:H.R. 1952.Congress has the power to enact this legislation pursuantto the following:Article 1 Section 8 of the Constitution[Page H2575]]]> hsba00 Financial Services Committee House Standing Referred to 2013-05-13T18:01:20Z 2013-05-13 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2013-05-13 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-05-13 Introduced in House IntroReferral 1000 9 Library of Congress S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 N M001182 Rep. Mulvaney, Mick [R-SC-5] Mick Mulvaney R SC 5 2013-05-15 False P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2013-05-15 False Finance and Financial Sector Corporate finance and management Financial services and investments Government studies and investigations Securities Finance and Financial Sector 00 2013-05-13 Introduced in House 2013-06-21T21:04:10Z Spread Pricing Liquidity Act of 2013 - Amends the Securities Exchange Act of 1934 concerning the national market system for securities to authorize the board of directors of an issuer with a public float of $500 million or less to select to have the issuer's securities quoted and traded using an increment (tick) of either $0.05 or $0.10.

Prohibits selection of the $0.05 tick unless the average trading price in the most recent 1-month period for the securities of an issuer is between $1 and $2. Limits the tick selection to $0.05 for the issuer of any such security.

Prescribes trading requirements. Permits a issuer that has made the selection under this Act to choose to opt out at any time after the six-month period beginning on the date the selection was made.

States that, if the public float of an issuer that has made such a tick selection rises above $500 million (based on a rolling average over the course of a 3-month period), or its average daily trading volume rises above $500 million, then after the end of the 3-month period beginning on the date of such occurrence the issuer: (1) shall no longer be considered to have made the tick selection; and (2) shall be ineligible to make such a tick selection for 2 years after such 3-month period.

Directs the Securities and Exchange Commission (SEC) to study the quoting and trading of securities in increments of $0.05 and $0.10, and the extent to which such system increases liquidity by incentivizing capital commitment, research coverage, and brokerage support.

]]> Spread Pricing Liquidity Act of 2013 Display Title Spread Pricing Liquidity Act of 2013 Short Titles as Introduced Spread Pricing Liquidity Act of 2013 Official Title as Introduced To amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to allow publicly traded companies with a certain sized public float to change their stocks' tick sizes to increase liquidity by incentivizing capital commitment, research coverage, and brokerage support, thereby increasing the stocks' liquidity and investor interest, and for other purposes. Introduced in House 2013-05-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr1952ih/xml/BILLS-113hr1952ih.xml 2013-05-13 Referred to the House Committee on Financial Services. 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.