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Unlisted Trading Privileges Act of 1994

Public Law 103-389 · H.R. 4535 · 103rd Congress · began in the House

Signed by Bill Clinton (D) on Oct 22, 1994 · Finance and Financial Sector

Sponsor: Rep. Ron Wyden (D-OR-3)

Cosponsors (10): Rep. John Dingell,

Passage votes

  • HouseVoice vote
  • SenateVoice vote
Data notes

The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.

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Summary

The Congressional Research Service’s plain-language summary of what the law does.

Unlisted Trading Privileges Act of 1994 - Amends the Securities Exchange Act of 1934 to modify the guidelines under which a national securities exchange may extend unlisted trading privileges for corporate securities.

Directs the Securities and Exchange Commission to prescribe, as necessary, the time period after commencement of an initial public offering during which a national securities exchange is prohibited from extending unlisted trading privileges.

Subjects the extension of unlisted trading privileges by a national securities exchange to Commission rules and/or approval. Provides for suspension and reinstatement of such privileges.

Committees

The committees the bill was sent to, and what each did with it.

Data notes

A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.

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Timeline

From introduction to signing, newest first: the committees, the floor and the president. 17 actions.

  1. Oct 22, 1994Became lawBecame law · Became Public Law No: 103-389.
  2. Became lawBecame law · Signed by President.
  3. Oct 18, 1994PresidentPresident · Presented to President.
  4. Oct 6, 1994FloorFloor · Passed Senate without amendment by Voice Vote.
  5. CommitteeCommittee · Discharged from Senate Banking, Housing, and Urban Affairs Committee
  6. Aug 2, 1994CommitteeCommittee · Referred to Senate Banking, Housing, and Urban Affairs Committee
  7. Aug 1, 1994FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
  8. FloorFloor · On motion to suspend the rules and pass the bill Agreed to by voice vote.
  9. FloorFloor · Mr. Markey moved to suspend the rules and pass the bill.
  10. Jul 28, 1994CommitteeCommittee · Reported by House Energy and Commerce Committee
  11. Jul 19, 1994CommitteeCommittee · Markup by House Energy and Commerce Committee
  12. Jul 14, 1994CommitteeCommittee · Reported by Telecommunications and Finance Subcommittee of the House Energy and Commerce Committee
  13. CommitteeCommittee · Markup by Telecommunications and Finance Subcommittee of the House Energy and Commerce Committee
  14. Jun 22, 1994CommitteeCommittee · Referred to Telecommunications and Finance Subcommittee of the House Energy and Commerce Committee
  15. CommitteeCommittee · Hearings by Telecommunications and Finance Subcommittee of the House Energy and Commerce Committee
  16. May 26, 1994CommitteeCommittee · Referred to House Energy and Commerce Committee
  17. IntroducedIntroduced · Introduced in the House
Data notes

Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.

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Official record

The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.