3.0.0 1216 2023-01-11T13:28:14Z 2023-01-11T13:28:14Z House HR 2015-03-03 114 [Congressional Record Volume 161, Number 36 (Tuesday, March 3, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LYNCH:H.R. 1216.Congress has the power to enact this legislation pursuantto the following:Article I Section 8 Clause 18 of the United StatesConstitution.[Page H1567]]]> hsba00 Financial Services Committee House Standing Referred to 2015-03-03T15:03:05Z 2015-03-03 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-03-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-03-03 Introduced in House IntroReferral 1000 9 Library of Congress L000562 Rep. Lynch, Stephen F. [D-MA-8] Stephen Lynch D MA F. 8 N C001037 Rep. Capuano, Michael E. [D-MA-7] MICHAEL CAPUANO D MA E. 7 2015-03-03 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2015-03-03 True H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2015-03-03 True Finance and Financial Sector Congressional oversight Financial services and investments Government studies and investigations Securities Finance and Financial Sector 00 2015-03-03 Introduced in House 2015-03-27T21:18:23Z Maker-Taker Conflict of Interest Reform Act of 2015

This bill directs the Securities and Exchange Commission (SEC) to initiate a six-month pilot program that examines maker-taker pricing (any pricing model by a trading venue that provides rebates, or comparable inducements, or fees to market participants to either provide liquidity to, or take liquidity from, that trading venue).

In conducting this program, the SEC is required to:

  • identify, out of the 100 issuers with the most frequently-traded securities, a random sample of 50 issuers (the "sample group");
  • prohibit the payment of rebates (or comparable inducements) on any trade of securities of the issuers in the sample group; and
  • compare the effects of such prohibition on the issuers in the sample group compared to the other 50 issuers in the "control group."
]]> Maker-Taker Conflict of Interest Reform Act of 2015 Display Title Maker-Taker Conflict of Interest Reform Act of 2015 Official Title as Introduced To require the Securities and Exchange Commission to carry out a pilot program to examine maker-taker pricing, and for other purposes. Introduced in House IH Short Titles as Introduced Maker-Taker Conflict of Interest Reform Act of 2015 Introduced in House 2015-03-03T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr1216ih/xml/BILLS-114hr1216ih.xml 2015-03-03 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.