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<BillSummaries>
<item congress="113" measure-type="hr" measure-number="3012" measure-id="id113hr3012" originChamber="HOUSE" orig-publish-date="2013-08-02" update-date="2013-11-08">
<title>Markets and Trading Reorganization Act</title>
<summary summary-id="id113hr3012v00" currentChamber="HOUSE" update-date="2013-11-08">
<action-date>2013-08-02</action-date>
<action-desc>Introduced in House</action-desc>
<summary-text><![CDATA[<p>Markets and Trading Reorganization Act - Establishes the Securities and Derivatives Commission as an independent regulatory body. </p> <p>Directs the Commission to establish the following principal divisions: (1) a Markets and Trading Division with oversight of market conduct and utilities, the conduct of market professionals, and self-regulatory organizations with regard to such market professionals (including related examination functions); (2) an Issuers and Financial Disclosures Division exercising oversight of the issuance of securities (including investment companies and related rules and examinations); and (3) an Enforcement Division to enforce all Commission rules.</p> <p>Transfers to such Commission all functions of the Commodity Futures Trading Commission (CFTC) and of the Securities and Exchange Commission (SEC), including their respective officers and components. </p> <UL> </UL>]]></summary-text>
</summary>
</item>
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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 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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