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Securities Law Summary

Amendments to Federal Securities Laws Referred to Senate Committee

Securities Law Technical Corrections Act of 2007
H.R.3505, 09/07/2007

Basic Information

Rep. Peter J. Roskam (IL-6) introduced on the congressional floor this bill that seeks to provide various technical and clerical amendments to the following statutes: (1) the Securities Act of 1933; (2) the Securities Exchange Act of 1934; (3) the Trust Indenture Act of 1939; (4) the Investment Company Act of 1940; and (5) the Investment Advisers Act of 1940.

This proposed legislation likewise seeks to amend the following statutes to make conforming amendments for the repeal of the Public Utility Holding Company Act of 1935: (1) the Securities Exchange Act of 1934; (2) the Trust Indenture Act of 1939; (3) the Investment Company Act of 1940; and (4) the Investment Advisers Act of 1940.

There are 3 versions of Bill Number H.R.3505 for the 110th Congress, to wit: (1) Securities Law Technical Corrections Act of 2007 (Introduced in House)(H.R.3505.IH); (2) Securities Law Technical Corrections Act of 2007 (Engrossed as Agreed to or Passed by the House)(H.R.3505.EH); and the (3) Securities Law Technical Corrections Act of 2007 (Referred to Senate Committee after being Received from House)(H.R.3505.RFS).

On December 6, 2007, on motion to suspend the rules and pass the bill, the House passed the proposed legislation on a vote of 404 yeas and 0 nays.  On December 7, 2007, the Senate received the referred bill from the House.  The proposed legislation was read twice and then referred to the Senate Committee on Banking, and Urban Affairs, where it is now pending.

View a PDF of the proposed legislation.

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Companies Mentioned

Securities Law

The following companies are mentioned in Securities Law Updates:

Harris Associates, L.P.

California Department of Corporations

The Public Employees’ Retirement System of Mississippi

Consolidated Management Group, LLC

Asset Management Holding AG

Jan Charles Finance S.A.

Tellabs, Inc.

Park East, Inc.

Makor Issues & Rights, Ltd.

Tribune Company

City of Philadelphia Board of Pensions and Retirement

Metal Management, Inc.

European Metal Recycling, Ltd.

Dynex Capital Inc.

Merit Securities Corp.

Teamsters Local 445 Freight Division Pension Fund

Consolidated Leasing Hugoton Joint Venture #2

Consolidated Leasing Anadarko Joint Venture

Guardian Capital Management

Vesta Insurance Group, Inc.

Free Enterprise Fund

Torchmark Corp.

Beckstead and Watts, LLP

KPMG Peat Marwick, LLP

Public Company Accounting Oversight Board

Florida State Board of Administration

The Cleaners & Caulkers Local 1 Pension Fund

Countrywide Securities Corp.

Churchmen’s Investment Corp.

Morgan Stanley & Co., Inc.

Churchmen’s Capital Group, Inc.

Bear Stearns Securities Corp.

UBS Securities LLC

Alanar, Inc.

Deutsche Bank Securities, Inc.

Guardian Services, LLC

Citigroup Global Market Inc.

Watermark M-One Holdings, Inc.

Lydia Capital, LLC

Lehman Brothers, Inc.

M-One Financial Services, LLC

Apple Computer, Inc.

Greenwich Capital Markets, Inc.

Watermark Capital Group, LLC

Lancer Management Group, LLC

Perseus, LLC

Edward D. Jones & Co., L.P.

Alcatel USA, Inc.

Lancer Management Group II, LLC

Lancer Offshore, Inc.

Additional Resources

Securities Law

Securities Act of 1933 (pdf, 241kb)

Securities Exchange Act of 1934 (pdf, 927kb)

Trust Indenture Act of 1939 (pdf, 154kb)

Investment Company Act of 1940 (pdf, 400kb)

Investment Advisers Act of 1940 (pdf, 131kb)

Sarbanes-Oxley Act of 2002 (pdf, 195kb)

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