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Increased Financial Market Transparency: New Transaction Reporting Rules

This act aims to boost financial market transparency by introducing new, more frequent reporting requirements for large investments. This will give citizens and investors quicker access to information about who is investing in what, potentially aiding better financial decisions and increasing market trust.
Key points
Larger investment funds will need to report their significant holdings more frequently, increasing information availability.
New rules will also cover derivative financial instruments, broadening the scope of disclosed data.
The Securities and Exchange Commission (SEC) will study which information should remain confidential, balancing transparency with data protection.
The SEC will issue new rules on short sale disclosures, potentially impacting market stability.
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Status:
Expired
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Additional Information
Print number: 117_HR_4618
Sponsor: Rep. Waters, Maxine [D-CA-43]
Process start date: 2021-07-22
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Short Sale Transparency and Market Fairness Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_4618.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-07-22.

What are the main provisions?

Key points include:

  • Larger investment funds will need to report their significant holdings more frequently, increasing information availability.
  • New rules will also cover derivative financial instruments, broadening the scope of disclosed data.
  • The Securities and Exchange Commission (SEC) will study which information should remain confidential, balancing transparency with data protection.
  • The SEC will issue new rules on short sale disclosures, potentially impacting market stability.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Waters, Maxine [D-CA-43].

What is the latest detailed status?

The latest detailed status is: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy