110 HR 6517 IH: To require the Securities and Exchange Commission to U.S. House of Representatives 2008-07-16 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.

I 110th CONGRESS 2d Session H. R. 6517 IN THE HOUSE OF REPRESENTATIVES July 16, 2008 Mr. Ackerman (for himself, Mrs. Maloney of New York, and Mr. Capuano) introduced the following bill; which was referred to the Committee on Financial Services A BILL To require the Securities and Exchange Commission to reinstate the uptick rule on short sales of securities.

1.

Reinstatement required

Within 90 days after the date of enactment of this Act, the Securities and Exchange Commission shall— (1)reinstate rule 10a–1 of the Commission’s rules (17 C.F.R. 240.10a–1); (2)rescind rule 201 of regulation SHO (17 C.F.R. 242.201); and (3)take such other actions as may be necessary to reinstate the price test restrictions that applied to short sales of securities prior to the Commission’s action in the proceeding entitled Regulation SHO and Rule 10a–1, adopted June 28, 2007 (Release No. 34–55970; File No. S7–21–06).