[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1539 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 1539

    To repeal section 939G of the Dodd-Frank Wall Street Reform and 
    Consumer Protection Act and to restore Securities and Exchange 
            Commission Rule 436(g) repealed by such section.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 14, 2011

  Mr. Stivers (for himself, Mr. Renacci, and Mr. Clarke of Michigan) 
 introduced the following bill; which was referred to the Committee on 
                           Financial Services

_______________________________________________________________________

                                 A BILL


 
    To repeal section 939G of the Dodd-Frank Wall Street Reform and 
    Consumer Protection Act and to restore Securities and Exchange 
            Commission Rule 436(g) repealed by such section.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Asset-Backed Market Stabilization 
Act of 2011''.

SEC. 2. RESTORATION OF RULE RELATING TO A CERTAIN EXEMPTION FOR RATING 
              AGENCIES.

    Effective as of the date of enactment of the Dodd-Frank Wall Street 
Reform and Consumer Protection Act (Public Law 111-203), section 939G 
of such Act is repealed, and the regulation repealed by such section is 
restored or revived as if such section had not been enacted.
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