Summary: H.R.3662 — 101st Congress (1989-1990)All Information (Except Text)

There is one summary for H.R.3662. Bill summaries are authored by CRS.

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Introduced in House (11/15/1989)

Orderly Markets Act of 1989 - Amends the Securities Exchange Act of 1934 to authorize the Securities and Exchange Commission (SEC) to regulate securities derivative instruments (contracts of sale or any option on such a contract) for future delivery of a group or index of equity securities.

Prohibits the registration or trade of such an instrument on a national securities exchange or any interdealer quotation system unless its terms and conditions have been approved by the SEC. Sets forth minimum statutory criteria for such approval.