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H.R. 6613 (112th): Markets and Trading Reorganization Act

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The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


11/29/2012--Introduced. Markets and Trading Reorganization Act - Establishes the Securities and Derivatives Commission as an independent regulatory commission.

Directs such Commission to establish three principal divisions: (1) a Markets and Trading Division with oversight of market conduct and utilities, the conduct of market professionals, and self-regulatory organizations with regard to such market professionals, including related examination functions; (2) an Issuers and Financial Disclosures Division with oversight of the issuance of securities, including investment companies and related rules and examinations; and (3) an Enforcement Division responsible for the enforcement of all Commission rules.

Transfers to the Commission all functions and personnel of: (1) the Commodity Futures Trading Commission (CFTC), and (2) the Securities and Exchange Commission (SEC).

Grants the Commission fee and funding authority.