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Intelligent Tick Study Act

12/29/2022, 10:48 PM

Congressional Summary of S 3947

Intelligent Tick Study Act

This bill authorizes the Securities and Exchange Commission (SEC) to mandate the use of larger tick sizes in the trade of the securities of emerging growth companies. Tick size is the minimum price increment of a trading instrument. Specifically, the bill authorizes the SEC to designate a tick size larger than $0.01 but not more than $0.25 for these securities. The SEC must report on the impact of potential variations in tick size for all securities.

Current Status of Bill S 3947

Bill S 3947 is currently in the status of Bill Introduced since March 29, 2022. Bill S 3947 was introduced during Congress 117 and was introduced to the Senate on March 29, 2022.  Bill S 3947's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 29, 2022

Bipartisan Support of Bill S 3947

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3947

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill S 3947

Intelligent Tick Study Act
Intelligent Tick Study Act
A bill to amend the Securities Exchange Act of 1934 to permit different tick sizes for emerging growth companies, and for other purposes.

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