← Back to Bills
H.R. 5596House114th Congress (2015-2017)In Committee

Municipal Advisor Choice Act

Sponsored by Randy HultgrenRep. Randy Hultgren (R-IL)
Introduced June 28, 2016

Legislative Activity

Stay on top of the latest movement without scrolling through every action

1 earlier action
HouseIntro Referral Latest Action

Referred to the House Committee on Financial Services.

Financial Services Committee

June 28, 2016

View full timeline
HouseIntro Referral

Introduced in House

June 28, 2016

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

June 28, 2016

Bill Text

Latest available legislative text

Reading Mode
Latest
Raw Text PDF XML
Introduced in HouseIssued June 28, 2016

I

114th CONGRESS

2d Session

H. R. 5596

IN THE HOUSE OF REPRESENTATIVES

June 28, 2016

Mr. Hultgren introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Securities Exchange Act of 1934 to provide that an issuer of municipal securities is not required to retain a municipal advisor prior to issuing any such securities.

1.

Short title

This Act may be cited as the Municipal Advisor Choice Act.

2.

Requirement for municipal advisor for issuers of municipal securities

Section 15B(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78o–4(d)) is amended by adding at the end the following:

(3)

An issuer of municipal securities shall not be required to retain a municipal advisor prior to issuing any such securities.

.