Defining Dealer Act
See how your representatives voted on this bill.
DeepSyte matches this bill to the issues you care about and shows whether your reps' votes line up — not party, not press releases. Take the 2-minute values quiz to see your alignment.
Alignment with your views
Sign in and take the values quiz to see how this bill lines up with what you've said.
Summary
This bill amends the Securities Exchange Act of 1934 to provide a specific definition of the term 'dealer' in securities markets. The definition specifies that a dealer must engage in securities transactions for customers both by buying securities for their own account and selling securities from their own account, explicitly excluding most security-based swaps. The bill includes a 30-day implementation period and requires courts and the SEC to vacate certain prior orders and judgments that would not have been entered under the new definition.
Values analysis
Sign in and take the values quiz to get a personalized read on how this bill lines up with your positions.
How your representatives voted
Sign in to see how your representatives voted on this bill.