A bill to amend the Securities Exchange Act of 1934 to eliminate legal impediments to quotation in decimals for securities transactions in order to protect investors and to promote efficiency, competition, and capital formation.
Common Cents Stock Pricing Act of 1997 - Amends the Securities Exchange Act of 1934 to instruct the Securities and Exchange Commission to require quotations in dollars and cents (decimals) for equity securities transactions and prescribe an implementation schedule.
Forwarded by Subcommittee to Full Committee by Voice Vote.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S5352-5353)
Read twice and referred to the Committee on Banking.
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