June 18, 1970
Page 20334
S. 3988 AND S. 3989 – INTRODUCTION OF BILLS RELATING TO PROTECTION FOR SECURITIES INVESTORS
Mr. MUSKIE. Mr. President, at a hearing before a subcommittee the House Interstate and Foreign Commerce Committee earlier this week, the Chairman of the Securities and Exchange Commission, Hamer H. Budge, offered two alternative legislative proposals to provide protection for securities investors.
Because of their relevance to today's hearing on my bill, S. 2348, before the Senate Securities Subcommittee, I am introducing two bills by request, on behalf of myself and Senator WILLIAMS of New Jersey, chairman of the Subcommittee on Securities.
The PRESIDING OFFICER (Mr. CRANSTON). The bills will be received and appropriately referred.
The bills (S. 3988 and S. 3989) were received, read twice by their titles, and referred to the Committee on Banking and Currency, as follows:
S. 3988. A bill to amend the Securities Exchange Act of 1934, as amended, to provide greater protection for customers of registered brokers and dealers and members of national securities exchanges; and
S.3989. A bill to provide greater protection for consumers of registered brokers and dealers and members of national securities exchanges.