About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

H. Rept. 114-684 1 (2016-07-12)

handle is hein.congrecreports/crptxrsp0001 and id is 1 raw text is: AUT-ENTICATED US. GOVERNMENT INFORMATION GP 114TH CONGRESS REPORT 2d Session HOUSE OF REPRESENTATIVES 114-684 NATIONAL SECURITIES EXCHANGE REGULATORY PARITY ACT OF 2016 JULY 12, 2016.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. HENSARLING, from the Committee on Financial Services, submitted the following REPORT together with MINORITY VIEWS [To accompany H.R. 5421] [Including cost estimate of the Congressional Budget Office] The Committee on Financial Services, to whom was referred the bill (H.R. 5421) to amend the Securities Act of 1933 to apply the exemption from State regulation of securities offerings to securities listed on a national security exchange that has listing standards that have been approved by the Commission, having considered the same, report favorably thereon without amendment and rec- ommend that the bill do pass. PURPOSE AND SUMMARY Introduced by Representative Ed Royce on June 9, 2016, H.R. 5421, the National Securities Exchange Regulatory Parity Act, is a simple and technical amendment to the Securities Act of 1933 (Act). Specifically, H.R. 5421 amends Section 18 of the Act, which provides what is known as a blue sky exemption for securities listed and traded on specified national securities exchanges: New York Stock Exchange (NYSE), American Stock Exchange and NASDAQ. The legislation would eliminate the specific references to those venues, and instead provide blue sky exemption for any secu- rity listed on a national securities exchange registered with the Securities and Exchange Commission (SEC). This statutory change 59-006

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.