Summary of Amendments Submitted to the Rules Committee for H.R. 3978 - TRID Improvement Act of 2017

Summaries Derived from Information Provided by Sponsors

Listed in Alphabetical Order

February 12, 2018 3:10 PM

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Foster (IL), Scott, David (GA)


Clarifies that the requirement applies only to proprietary source code related to algorithmic trading, which contains prescriptive information.

Hill (AR)


Reduces the amount of money that the SEC can deposit in its "Reserve Fund" to a maximum of $48 million for the current fiscal year (FY 18), and direct any amounts that exceed that limitation from the SEC to the Treasury General Fund, and strike Title VI.