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To except quotations of fixed-income securities from certain regulatory requirements, and for other purposes.

12/30/2022, 4:18 AM

Summary of Bill HR 6632

Bill 117 hr 6632, also known as the "Fixed-Income Securities Quotations Exemption Act," aims to exempt quotations of fixed-income securities from certain regulatory requirements. The bill seeks to provide relief for market participants who provide quotations for fixed-income securities by exempting them from certain regulatory requirements that may hinder their ability to provide accurate and timely quotations.

The bill recognizes the importance of fixed-income securities in the financial markets and aims to ensure that market participants can continue to provide liquidity and transparency in the fixed-income market. By exempting quotations of fixed-income securities from certain regulatory requirements, the bill aims to promote efficiency and competition in the fixed-income market, ultimately benefiting investors and the overall economy.

In addition to exempting fixed-income securities quotations from certain regulatory requirements, the bill also includes provisions for other purposes. These provisions may include measures to enhance transparency, improve market integrity, and promote fair and efficient trading practices in the fixed-income market. Overall, Bill 117 hr 6632 seeks to support the continued growth and stability of the fixed-income market by providing relief for market participants and promoting transparency and efficiency in the trading of fixed-income securities.

Congressional Summary of HR 6632

This bill excepts quotations of fixed-income securities from rules requiring broker-dealers to review issuer information for accuracy before providing quotations for that issuer's security in the over-the-counter securities market. Fixed-income securities, such as bonds, provide returns in fixed periodic interest payments and return the principal at maturity.

Current Status of Bill HR 6632

Bill HR 6632 is currently in the status of Bill Introduced since February 7, 2022. Bill HR 6632 was introduced during Congress 117 and was introduced to the House on February 7, 2022.  Bill HR 6632's most recent activity was Referred to the House Committee on Financial Services. as of February 7, 2022

Bipartisan Support of Bill HR 6632

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 6632

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 6632

To except quotations of fixed-income securities from certain regulatory requirements, and for other purposes.
To except quotations of fixed-income securities from certain regulatory requirements, and for other purposes.

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