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S. 331: SAFE Markets Act

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S. 331: SAFE Markets Act

111th Congress · introduced 2009-01-27 · Crime and Law Enforcement · Latest: Read twice and referred to the Committee on the Judiciary.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2009-01-27 · official record
  2. Who proposed it: Sen. Schumer, Charles E. [D-NY] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Read twice and referred to the Committee on the Judiciary. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

SAFE Markets Act

Plain summary

Supplemental Anti-Fraud Enforcement for our Market Act or the SAFE Markets Act - Authorizes: (1) the Director of the Federal Bureau of Investigation (FBI) to hire an additional 500 agents who shall be dedicated to investigating violations of the law relating to the U.S. financial markets; (2) the Attorney General to hire an additional 50 Assistant United States Attorneys who shall be dedicated to prosecuting such violations; and (3) the Securities and Exchange Commission (SEC) to hire 100 additional enforcement staff members who shall be dedicated to prosecuting such violations.

Congressional Research Service summary (Introduced in Senate), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Sen. Schumer, Charles E. [D-NY] · 12 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Richard J. Durbin (D-IL)

Sponsor's campaign money: Sen. Schumer, Charles E. [D-NY] reported raising $1.2 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Securities
Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong111-s331 · catalog fed-us-congress-bills-cong111 · updated 2026-11-15 by psicol fed-bills-cong111