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National Securities Exchange Regulatory Parity Act of 2016

4/7/2025, 3:40 PM

Summary of Bill HR 5421

Bill 114 hr 5421, also known as the National Securities Exchange Regulatory Parity Act of 2016, aims to address the regulatory disparities between national securities exchanges and alternative trading systems (ATS). The bill seeks to level the playing field by requiring national securities exchanges to adhere to the same regulatory standards as ATS, which are currently subject to less stringent regulations.

The bill was introduced in the House of Representatives in 2016 and has garnered bipartisan support. Proponents argue that the current regulatory framework puts national securities exchanges at a disadvantage and creates an uneven playing field in the financial markets. By requiring national securities exchanges to meet the same regulatory standards as ATS, the bill aims to promote fairness and transparency in the market.

Critics of the bill argue that imposing additional regulations on national securities exchanges could stifle innovation and hinder market efficiency. They also raise concerns about the potential costs and administrative burdens that may result from compliance with the new regulations. Overall, the National Securities Exchange Regulatory Parity Act of 2016 seeks to address regulatory disparities in the financial markets and promote a level playing field for all market participants. The bill is currently under consideration in Congress, and its ultimate impact on the financial industry remains to be seen.

Current Status of Bill HR 5421

Bill HR 5421 is currently in the status of Bill Introduced since June 9, 2016. Bill HR 5421 was introduced during Congress 114 and was introduced to the House on June 9, 2016.  Bill HR 5421's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of July 13, 2016

Bipartisan Support of Bill HR 5421

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 HR 5421

Primary Policy Focus

Finance and Financial Sector

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