POLISCOPE
Back to feed
FEDERALhearing transcript

Congressional Hearing: Oversight of U.S. Stock Exchanges

Original title: OVERSIGHT OF AMERICA'S STOCK EXCHANGES: EXAMINING THEIR ROLE IN OUR ECONOMY

January 1, 2022

Track this bill to get notified when it advances a stage. One tap to stop, anytime.

The Frame

What this does

This hearing serves as the formal legislative review for eight proposed bills that could change how U.S. stock exchanges operate and how investors are protected.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Individual Investors

Changes to stock exchange regulations may alter market transparency, trading costs, and investor protections.

Stock Exchanges

The proposed legislation under review could change the operational requirements and regulatory oversight of these entities.

Financial Services Industry

Firms operating within capital markets are subject to the regulatory environment discussed in the hearing.

What changed

Last recorded activity January 1, 2022.

What's next

Next step not available in the current record.

Summary

The House Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets held a hearing on March 30, 2022, to examine the role of stock exchanges in the U.S. economy. The session included testimony from financial industry experts and former regulators regarding market oversight and eight pending legislative proposals.

Key Facts

  • The hearing was held on March 30, 2022, in the Rayburn House Office Building.
  • The hearing served as the formal review for eight specific bills or discussion drafts related to stock exchange oversight.
  • Five expert witnesses provided testimony, including former SEC commissioners and industry representatives.
  • The subcommittee is part of the House Committee on Financial Services.
  • Written responses to questions for the record were submitted by witnesses Ellen Greene, Manisha Kimmel, Michael S. Piwowar, and Nandini Sukumar.

Why It Matters

This hearing serves as the formal legislative review for eight proposed bills that could change how U.S. stock exchanges operate and how investors are protected.

Frequently Asked Questions

What was the purpose of this hearing?
To conduct oversight of U.S. stock exchanges and formally review eight legislative proposals regarding market regulation.
Who testified at the hearing?
The witnesses included Robert J. Jackson, Jr. (NYU), Michael S. Piwowar (Milken Institute), Ellen Greene (SIFMA), Nandini Sukumar (WFE), and Manisha Kimmel (MayStreet, Inc.).

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Sponsors

Show 2 more sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Legislative Review of Market Structure

The hearing indicates a coordinated effort to review eight distinct legislative drafts simultaneously, suggesting a broad push for market structure reform.

Connected Entities

personNandini SukumarWitness, CEO of World Federation of ExchangesMap →
personEllen GreeneWitness, Managing Director of SIFMAMap →
personBill HuizengaRanking Member of the SubcommitteeMap →
personMichael S. PiwowarWitness, Executive Director of Milken Institute and former SEC CommissionerMap →
personManisha KimmelWitness, Chief Policy Officer of MayStreet, Inc.Map →
personRobert J. Jackson, Jr.Witness, Professor of Law at NYU and former SEC CommissionerMap →
personBrad ShermanChairman of the Subcommittee on Investor Protection, Entrepreneurship, and CapitMap →
organizationSecurities and Exchange CommissionFederal agency responsible for regulating stock exchangesMap →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100
  • Significance65
    How much this matters to a regular citizen
  • Controversy20
    Intensity of disagreement among stakeholders
  • Entertainment10
    Compellingness for a non-policy-wonk reader
  • Buzz15
    Current news / social attention level

Publisher tools

Share or embed this record

POLISCOPE publisher tools

Share or embed this record