US Congress House Bill 1406 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 5)
Status: Introduced on March 10 2009 - 25% progression, died in committee
Action: 2009-03-10 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Stock Market Recovery Act of 2009 - Directs the Securities and Exchange Commission (SEC) to: (1) reinstate rule 10a-1 (the "uptick rule," which prevents new short sales of a company's stock while its share price is falling); (2) rescind rule 201 of regulation SHO (which declares any short sale price test inapplicable to short sales in any security); and (3) reinstate price test restrictions that applied to short sales of securities before SEC action in a specified proceeding entitled "Regulation SHO and Rule 10a-1," adopted June 28, 2007. Directs the SEC to suspend the application of mark-to-market accounting principles with respect to any class or category of transaction necessary or appropriate in the public interest and consistent with the protection of investors.

Stock Market Recovery Act of 2009

Sen. Marsha Blackburn [R-TN]	Rep. Paul Broun [R-GA]	Rep. Phil Gingrey [R-GA]	Sen. Mark Kirk [R-IL]
Rep. Steven LaTourette [R-OH]

Date	Chamber	Action
2009-03-10		Referred to the House Committee on Financial Services.
2009-03-10		Sponsor introductory remarks on measure. (CR H3112, E613-614)

HB302 (Related) 2009-01-08 - Referred to the House Committee on Financial Services.
HB1909 (Related) 2009-04-02 - Referred to the House Committee on Financial Services.
SB605 (Related) 2009-03-19 - Sponsor introductory remarks on measure. (CR S3636-3539)

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/house-bill/1406/all-info
Text	https://www.congress.gov/111/bills/hr1406/BILLS-111hr1406ih.pdf