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Intelligent Tick Study Act

USA117th CongressS-3947| Senate 
| Updated: 3/29/2022
John Kennedy

John Kennedy

Republican Senator

Louisiana

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Mar 29, 2022
Introduced in Senate
Mar 29, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 29, 2022
    Introduced in Senate


  • March 29, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

Intelligent Tick Study Act

USA117th CongressS-3947| Senate 
| Updated: 3/29/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 29, 2022
Introduced in Senate
Mar 29, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • March 29, 2022
    Introduced in Senate


  • March 29, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
John Kennedy

John Kennedy

Republican Senator

Louisiana

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted