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house Bill H.R. 302

To require the Securities and Exchange Commission to reinstate the uptick rule on short sales of securities.

bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Committee on Financial Services
    IntroducedJanuary 8th, 2009

Bill Details

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Official Title

To require the Securities and Exchange Commission to reinstate the uptick rule on short sales of securities.

Summary

Directs the Securities and Exchange Commission (SEC) to: (1) reinstate rule 10a-1 (the uptick rule) governing short sales of securities; (2) rescind the prohibition against applying certain price tests to short sales; and (3) reinstate price test restrictions that applied to short sales of securities prior to SEC action in a specified proceeding on June 28, 2007.

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