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MI HR0024

Resolution

Status

Introduced

2/2/2021

Primary Sponsor

Darrin Camilleri

Click for details

Origin

House of Representatives

101st Legislature

AI Summary

  • Urges U.S. Congress, the Securities and Exchange Commission, and other federal financial regulators to investigate hedge fund management, insider trading, and market manipulation.

  • Calls for investigation into exploitation of customer data and stock market trading methods, including software applications, online brokers, associated fees, taxes, and trading restrictions.

  • States that federal regulators should root out illegal and improper market activity and that Congress should implement statutory protections for a well-functioning stock market.

  • Directs copies of the resolution be sent to the President of the U.S. Senate, Speaker of the U.S. House, Michigan's congressional delegation, the Secretary of the Treasury, and SEC commissioners.

Legislative Description

A resolution to urge the U.S. Congress, the U.S. Securities and Exchange Commission, and other federal financial regulators to investigate the management of hedge funds, insider trading, market manipulation, the exploitation of customer data, and methods of stock market trading.

Last Action

Referred To Committee On Financial Services

2/2/2021

Committee Referrals

Financial Services2/2/2021

Full Bill Text

No bill text available