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To be added Act of 2021
12/31/2022, 5:05 AM
Summary of Bill HR 4617
Bill 117 HR 4617, also known as the To be added Act of 2021, is a piece of legislation currently being considered by the US Congress. The bill aims to address the issue of adding individuals to certain lists or databases maintained by the federal government.
The main purpose of the bill is to establish clear guidelines and procedures for adding individuals to these lists, ensuring that the process is fair, transparent, and in accordance with due process rights. The bill also seeks to prevent the arbitrary or discriminatory addition of individuals to these lists.
Additionally, the To be added Act of 2021 includes provisions for the periodic review and updating of these lists to ensure their accuracy and relevance. It also requires the government to provide individuals with notice and an opportunity to challenge their inclusion on these lists. Overall, the bill aims to promote accountability and fairness in the process of adding individuals to government lists, while also safeguarding the rights of individuals to due process. It is currently being debated in Congress and may undergo further revisions before potentially becoming law.
The main purpose of the bill is to establish clear guidelines and procedures for adding individuals to these lists, ensuring that the process is fair, transparent, and in accordance with due process rights. The bill also seeks to prevent the arbitrary or discriminatory addition of individuals to these lists.
Additionally, the To be added Act of 2021 includes provisions for the periodic review and updating of these lists to ensure their accuracy and relevance. It also requires the government to provide individuals with notice and an opportunity to challenge their inclusion on these lists. Overall, the bill aims to promote accountability and fairness in the process of adding individuals to government lists, while also safeguarding the rights of individuals to due process. It is currently being debated in Congress and may undergo further revisions before potentially becoming law.
Congressional Summary of HR 4617
This bill directs the Securities and Exchange Commission (SEC) to study and report on payment for order flow (payment received by a stock brokerage firm for directing orders to another firm that buys and sells stock). The SEC must study, among other topics, conflicts arising from these payment arrangements, the impact on trade execution quality and pricing, and how firms disclose this arrangement to customers. The SEC must revise its rules, subject to notice and comment, consistent with the results of the study.
Read the Full Bill
Current Status of Bill HR 4617
Bill HR 4617 is currently in the status of Bill Introduced since July 22, 2021. Bill HR 4617 was introduced during Congress 117 and was introduced to the House on July 22, 2021. Bill HR 4617's most recent activity was Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 22. as of July 29, 2021
Bipartisan Support of Bill HR 4617
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4617
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Administrative remedies
- Business records
- Financial services and investments
- Government information and archives
- Government studies and investigations
- Securities
- Securities and Exchange Commission (SEC)
- User charges and fees
Alternate Title(s) of Bill HR 4617
To require the Securities and Exchange Commission to carry out a study on payment for order flow, to require the Investor Advocate of the Commission to provide recommendations on payment for order flow, and for other purposes.
To be added Act of 2021
To be added Act of 2021
Comments
Sponsors and Cosponsors of HR 4617
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