There is one summary for H.R.6613. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (11/29/2012)

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.