Text: S.3558 — 116th Congress (2019-2020)All Information (Except Text)

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Introduced in Senate (03/21/2020)


116th CONGRESS
2d Session
S. 3558


To require the Securities and Exchange Commission to prevent the Financial Industry Regulatory Authority from enforcing a certain rule of that Authority.


IN THE SENATE OF THE UNITED STATES

March 21, 2020

Mr. Paul introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs


A BILL

To require the Securities and Exchange Commission to prevent the Financial Industry Regulatory Authority from enforcing a certain rule of that Authority.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Prevention of enforcement of rule.

Beginning on the date of enactment of this Act, the Securities and Exchange Commission shall prevent the Financial Industry Regulatory Authority (referred to in this section as “FINRA”) from enforcing rule 3110(c) of FINRA (relating to internal inspections).


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