A bill to require the Securities and Exchange Commission to establish a panels of experts to conduct a study and investigation of the adequacy, in the public interest and for the protection of investors, of Federal securities laws, rules, and regulations, and for other purposes.
Securities Investor Protection Review Act of 1987 - Directs the Securities and Exchange Commission to appoint a panel of experts to study the adequacy of Federal securities laws, rules, and regulations for protecting the public interest and the interests of investors. Requires that such study include an analysis of: (1) the extent of insider trading; (2) the adequacy of surveillance methods of brokers, dealers, and self-regulatory organizations; (3) the extent of, and obstacles to, effective coordination among the securities industry and Federal and State regulators in policing the securities markets; and (4) the need for additional resources or civil or criminal remedies to combat fraud and improve enforcement.
Authorizes the Comptroller General and the Director of the Office of Technology Assessment to assist the panel.
Requires the Commission to report the results of such study and any legislative recommendations to the Congress within 12 months. Directs the panel to keep specified congressional committees fully informed on its progress.
Authorizes appropriations.
Introduced in House
Introduced in House
Referred to House Committee on Energy and Commerce.
Referred to Subcommittee on Telecommunications and Finance.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line