S. 3850 (109th): Credit Rating Agency Reform Act of 2006


Sep 6, 2006
109th Congress, 2005–2006


Enacted — Signed by the President on Sep 29, 2006

This bill was enacted after being signed by the President on September 29, 2006.


Pub.L. 109-291


Richard Shelby

Senator from Alabama



Read Text »
Last Updated: Sep 29, 2006
Length: 13 pages

About the bill

Full Title

An original bill to improve ratings quality for the protection of investors and in the public interest by fostering accountability, transparency, and competition in the credit rating agency industry.

Summary (CRS)

9/29/2006--Public Law.Credit Rating Agency Reform Act of 2006 - Section4 - Amends the Securities Exchange Act of 1934 to require nationally recognized statistical rating organizations (NRSROs) to register with the ... Read more >


Aug 2, 2006
Reported by Committee

A committee has issued a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

Sep 6, 2006

This is the first step in the legislative process.

Sep 22, 2006
Passed Senate

The bill was passed in a vote in the Senate. It goes to the House next. The vote was by Unanimous Consent so no record of individual votes was made.

Sep 27, 2006
Passed House

The bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill. The vote was by voice vote so no record of individual votes was made.

Sep 29, 2006
Enacted — Signed by the President

The President signed the bill and it became law.

This is a Senate bill in the United States Congress (indicated by the “S.” in “S. 3850”). A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.


Committee Assignments

The committee chair determines whether a bill will move past the committee stage.


There have been no roll call votes related to this bill.

Related Bills

Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.

H.R. 2990 (Related)
Credit Rating Agency Duopoly Relief Act of 2006

Passed House
Last Action: Jul 12, 2006

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Links & tools

Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.


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