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    <number>594</number>
    <updateDate>2023-01-11T13:34:20Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:34:20Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <type>HR</type>
    <introducedDate>2017-01-20</introducedDate>
    <congress>115</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. CAPUANO:H.R. 594.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 3[Page H560]</pre>]]></constitutionalAuthorityStatementText>
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            <name>Referred to</name>
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        <text>Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.</text>
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        <actionDate>2017-01-20</actionDate>
        <text>Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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        <actionDate>2017-01-20</actionDate>
        <text>Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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        <actionDate>2017-01-20</actionDate>
        <text>Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.</text>
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    <sponsors>
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        <bioguideId>C001037</bioguideId>
        <fullName>Rep. Capuano, Michael E. [D-MA-7]</fullName>
        <firstName>MICHAEL</firstName>
        <lastName>CAPUANO</lastName>
        <party>D</party>
        <state>MA</state>
        <middleName>E.</middleName>
        <district>7</district>
        <isByRequest>N</isByRequest>
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        <bioguideId>L000562</bioguideId>
        <fullName>Rep. Lynch, Stephen F. [D-MA-8]</fullName>
        <firstName>Stephen</firstName>
        <lastName>Lynch</lastName>
        <party>D</party>
        <state>MA</state>
        <middleName>F.</middleName>
        <district>8</district>
        <sponsorshipDate>2017-01-20</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
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    <policyArea>
      <name>Finance and Financial Sector</name>
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    <subjects>
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          <name>Banking and financial institutions regulation</name>
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        <item>
          <name>Commodities markets</name>
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        <item>
          <name>Commodity Futures Trading Commission</name>
        </item>
        <item>
          <name>Executive agency funding and structure</name>
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        <item>
          <name>Financial services and investments</name>
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        <item>
          <name>Securities</name>
        </item>
        <item>
          <name>Securities and Exchange Commission (SEC)</name>
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          <name>User charges and fees</name>
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        <name>Finance and Financial Sector</name>
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    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2017-01-20</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2018-02-05T22:18:08Z</updateDate>
        <text><![CDATA[ <p><b>Markets and Trading Reorganization Act </b></p> <p>This bill establishes the Securities and Derivatives Commission as an independent regulatory body and transfers to the commission all functions, officers, and components of the Commodity Futures Trading Commission and the Securities and Exchange Commission. </p> <p>The new commission shall establish the following principal divisions: (1) a Markets and Trading Division that has&nbsp;oversight of market conduct and utilities, the conduct of market professionals, and self-regulatory organizations with regard to such market professionals; (2) an Issuers and Financial Disclosures Division that has oversight of the issuance of securities; and (3) an Enforcement Division that enforces commission rules.</p> <ul></ul>]]></text>
      </summary>
    </summaries>
    <title>Markets and Trading Reorganization Act</title>
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      <item>
        <titleType>Display Title</titleType>
        <title>Markets and Trading Reorganization Act</title>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To establish the Securities and Derivatives Commission in order to combine the functions of the Commodity Futures Trading Commission and the Securities and Exchange Commission in a single independent regulatory commission.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Markets and Trading Reorganization Act</title>
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        <type>Introduced in House</type>
        <date>2017-01-20T05:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-115hr594ih/xml/BILLS-115hr594ih.xml</url>
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    <latestAction>
      <actionDate>2017-02-13</actionDate>
      <text>Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.</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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