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To amend the Federal securities laws in order to promote efficiency and capital formation in the financial markets, and to amend the Investment Company Act of 1940 to promote more efficient management of mutual funds, protect investors, and provide more effective and less burdensome regulation.
Sponsor. Representative for Texas's 8th congressional district. Republican.
Read Text »Enacted — Signed by the President on Oct 11, 1996
This bill was enacted after being signed by the President on October 11, 1996.
Pub.L. 104-290Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.
May 15, 1996 Ordered ReportedA committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.
Jun 19, 1996 Passed House (Senate next)The bill was passed in a vote in the House. It goes to the Senate next.
Jun 27, 1996 Passed Senate with Changes (back to House)The Senate passed the bill with changes not in the House version and sent it back to the House to approve the changes. The vote was by Unanimous Consent so no record of individual votes was made.
Sep 28, 1996 Conference Report Agreed to by House (Senate next)A conference committee was formed, comprising members of both the House and Senate, to resolve the differences in how each chamber passed the bill. The House approved the committee's report proposing the final form of the bill for consideration in both chambers. The Senate must also approve the conference report. The vote was by voice vote so no record of individual votes was made.
Oct 1, 1996 Conference Report Agreed to by SenateThe bill was passed by both chambers in identical form. It goes to the President next who may sign or veto the bill. The vote was by Unanimous Consent so no record of individual votes was made.
Oct 11, 1996 Enacted — Signed by the PresidentThe President signed the bill and it became law.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 3005. This is the one from the 104 th Congress.
This bill was introduced in the 104 th Congress, which met from Jan 4, 1995 to Oct 4, 1996. Legislation not passed by the end of a Congress is cleared from the books.
We recommend the following MLA -formatted citation when using the information you see here in academic work:
GovTrack.us. (2024). H.R. 3005 — 104th Congress: National Securities Markets Improvement Act of 1996. Retrieved from https://www.govtrack.us/congress/bills/104/hr3005
“H.R. 3005 — 104th Congress: National Securities Markets Improvement Act of 1996.” www.GovTrack.us. 1996. September 16, 2024
National Securities Markets Improvement Act of 1996, Pub. L. No. 104-290, H.R. 3005, 104th Cong..
|url=https://www.govtrack.us/congress/bills/104/hr3005
|title=H.R. 3005 (104th)
|accessdate=September 16, 2024
|author=104th Congress (1996)
|date=March 5, 1996
|work=Legislation
|publisher=GovTrack.us
|quote=National Securities Markets Improvement Act of 1996
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