Bill · S. 1356· Senate(119-S-1356)
TICKER Act
- Introduced
- 4/8/2025
- Last activity
- 4/8/2025 — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sponsored by
- Rick Scott
- Cosponsors
- - 0 - 2
- Introduced
- In Committee
What this bill would do
This bill, known as the "TICKER Act," seeks to amend the Securities Exchange Act of 1934. It requires national securities exchanges to identify issuers that are consolidated variable interest entities. This is intended to provide transparency regarding entities, such as those in foreign jurisdictions like the People's Republic of China, that may pose risks to U.S. investors. The mandate includes adding identification to the company symbols used on exchanges. Additionally, the bill requires brokers and dealers to provide specific warnings to investors regarding a lack of legal recourse.
Yes
Does this give people more protection from unfair business practices?+5
The bill enhances investor protection by requiring clear identification of high-risk entities and warnings about lack of legal recourse.
Does this make what the government does easier for the public to see?+5
The bill increases financial transparency by requiring exchanges to identify certain high-risk entities.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Increased Transparency for Investors: The bill aims to make investors more clearly aware of risks through transparent, easily accessible, and standardized information, such as visible warning indicators on ticker symbols (Section 2).
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Risk Identification: By requiring exchanges to identify "covered entities" (consolidated variable interest entities) within their symbols, investors can better recognize entities that may pose a significant risk because investors have no equity or direct ownership interest (Section 2 and Section 3(b)(1)(A)).
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Warning of Legal Risks: The bill requires brokers and dealers to provide warnings to investors that they may lack legal recourse when investing in covered entities (Section 3(b)(2)).
Potential Negative Impacts for People
- No specific negative impacts or burdens are explicitly stated in the text provided.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Consumer Protection+5
- Governance And Ideology
- Improves Government Transparency+5
- 4/9/2025
- 1 Cosponsor added.
- 4/8/2025
- Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- 1 Cosponsor added.
- Introduced in Senate
Jeanne ShaheenDemocrat · New Hampshire
Chris Van HollenDemocrat · Maryland