To amend the Securities Exchange Act of 1934 to enable national securities exchanges to provide financial incentives to market-makers that adhere to objective standards that increase the liquidity and depth of the public capital markets and promote enhanced trading and price-discovery for smaller public companies.
Liquidity Enhancement for Small Public Companies Act - Amends the Securities Exchange Act of 1934 to prohibit the Securities and Exchange Commission (SEC) from proposing, adopting, maintaining, or enforcing any rule, regulation, policy, or procedure that bars a national securities exchange from implementing a program under which either the exchange, an entity that lists securities on a national securities exchange, an entity determined appropriate by the SEC, or any other entity determined appropriate by a national securities exchange provides financial incentives to market makers that adhere to standards of market quality established by the rules of the exchange.
Prohibits a registered national securities association from adopting, maintaining, or proposing any rule, regulation, policy, or procedure that bars a national securities exchange from implementing a program under which the securities of an issuer determined appropriate by the SEC for listing on a national securities exchange provides financial incentives to market makers that adhere to standards of market quality established by the exchange.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
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