A bill to amend the Securities and Exchange Act of 1934 to preserve commission-free trading and investor freedom for the people of the United States by prohibiting the Securities and Exchange Commission from banning payment for order flow, and for other purposes.
Investor Freedom Act of 2021
This bill prohibits banning the practice of payment for order flow (i.e., payment received by a stock brokerage firm for directing orders to another firm that buys and sells stock).
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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