To require the Board of Governors of the Federal Reserve System to amend Regulation T to include in the definition of an "OTC margin stock" certain equity securities for which there is a ready market, and for other purposes.
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Summary
Based on the bill's title, this bill would require the Federal Reserve Board to amend Regulation T to expand the definition of 'OTC margin stock' to include certain equity securities that have a ready market. Regulation T governs the extension of credit by brokers and dealers for the purchase of securities. The bill's specific provisions and scope cannot be determined from the title alone.
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