Legis Daily

TICKER Act

USA117th CongressS-4757| Senate 
| Updated: 8/3/2022
Rick Scott

Rick Scott

Republican Senator

Florida

Cosponsors (1)
Chris Van Hollen (Democratic)

Banking, Housing, and Urban Affairs Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Trading and Investing with Clear Knowledge and Expectations about Risk Act or the TICKER Act This bill requires the identification of consolidated variable interest entities on securities exchanges. Specifically, the symbol used on the exchange must identify these entities as consolidated variable interest entities. (A consolidated variable interest entity is a business structure where an investor holds a controlling interest in an entity through contractual agreements rather than having a majority of voting rights.) In addition, the Securities and Exchange Commission must require brokers and dealers to warn investors in these entities that those investors may lack legal recourse with respect to these investments.
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Timeline
Aug 3, 2022
Introduced in Senate
Aug 3, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • August 3, 2022
    Introduced in Senate


  • August 3, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Finance and Financial Sector

TICKER Act

USA117th CongressS-4757| Senate 
| Updated: 8/3/2022
Trading and Investing with Clear Knowledge and Expectations about Risk Act or the TICKER Act This bill requires the identification of consolidated variable interest entities on securities exchanges. Specifically, the symbol used on the exchange must identify these entities as consolidated variable interest entities. (A consolidated variable interest entity is a business structure where an investor holds a controlling interest in an entity through contractual agreements rather than having a majority of voting rights.) In addition, the Securities and Exchange Commission must require brokers and dealers to warn investors in these entities that those investors may lack legal recourse with respect to these investments.
View Full Text

Suggested Questions

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

Timeline
Aug 3, 2022
Introduced in Senate
Aug 3, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • August 3, 2022
    Introduced in Senate


  • August 3, 2022
    Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Rick Scott

Rick Scott

Republican Senator

Florida

Cosponsors (1)
Chris Van Hollen (Democratic)

Banking, Housing, and Urban Affairs Committee

Finance and Financial Sector

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