H.R. 4619: To amend the Securities Exchange Act of 1934 to prohibit trading ahead by market makers, and for other purposes.

117th Congress · introduced 2021-07-22 · Finance and Financial Sector · Latest: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22.

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Follow this bill, step by step

Where it came from: introduced 2021-07-22 · official record
Who proposed it: Rep. Green, Al [D-TX-9] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22. Not final yet: this can still change. We check for updates every day.
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

To amend the Securities Exchange Act of 1934 to prohibit trading ahead by market makers, and for other purposes.

Plain summary

This bill creates specified duties for market makers—individuals and firms that buy and sell securities, such as brokerage houses—and sets forth penalties for violations of those duties. Specifically, the bill establishes for market makers a duty of trust and loyalty to the customer upon receipt of an order and deems the information in the order as material, non-public information. Furthermore, the Chief Executive Officer of a market maker must annually certify compliance with such responsibilities. The bill establishes civil and criminal penalties for violations.

Congressional Research Service summary (Introduced in House), 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)

Official text

To amend the Securities Exchange Act of 1934 to prohibit trading ahead by market makers, and for other purposes.

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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

Officials and money

Sponsor: Rep. Green, Al [D-TX-9] · 2 cosponsors

Cost estimate: CBO cost estimate: H.R. 4619, a bill to amend the Securities Exchange Act of 1934 to prohibit trading ahead by market makers, and for other purposes (2022-11-17)

Cosponsors on this site

Emanuel Cleaver (D-MO)

Sponsor's campaign money: Rep. Green, Al [D-TX-9] reported raising $1.7 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 (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-117hr4619.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/117/hr>

Record fed-us-cong117-hr4619 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117