National Securities Markets Improvement Act of 1996
Official title: “To amend the Federal securities laws in order to promote efficiency and capital formation in the financial markets, and to amend the Investment Company Act of 1940 to promote more efficient management of mutual funds, protect investors, and provide more effective and less burdensome regulation.”
Earlier names of the bill: “Securities Investment Promotion Act of 1996”, “Securities Amendments of 1996”.
What this law changes
Not startedPlain-language account: Not started
Transparency Score
The Transparency Score is the share of this law’s dollars that goes to what the law says it is for. We have not read this law for this section yet.
What this law changes in taxes
We have not read this law for this section yet.
Press releases by members of Congress
No saved press release names this law.
Read from 539 of 539 members' sites, releases since January 3, 2025, through October 7, 2026.
Press releases by organizations
No saved press release from these organizations names this law.
Read from 510 of 510 organizations' sites, releases since January 3, 2025, through October 7, 2026.
How it passed
The House passed it by voice vote on September 28, 1996. A voice vote records no individual votes.
The Senate passed it without objection on October 1, 1996. No individual votes are recorded.
It became law on October 11, 1996.
How each member votes
Both chambers passed this law without a recorded vote, so no individual votes exist.
Where this comes from
A file marked "saved" is our own copy of the official file. The code beside it is its fingerprint, a short code that changes if the file's contents change. A file with no copy saved carries "Not published yet".