A bill to require the Securities and Exchange Commission to prevent the Financial Industry Regulatory Authority from enforcing a certain rule of that Authority.

II 116TH CONGRESS 2D SESSION S. 3558 To require the Securities and Exchange Commission to prevent the Financial Industry Regulatory Authority from enforcing a certain rule of that Authority. IN THE SENATE OF THE UNITED STATES MARCH 21, 2020 Mr. PAUL introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To require the Securities and Exchange Commission to pre- vent the Financial Industry Regulatory Authority from enforcing a certain rule of that Authority. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. PREVENTION OF ENFORCEMENT OF RULE. 3 Beginning on the date of enactment of this Act, the 4 Securities and Exchange Commission shall prevent the Fi- 5 nancial Industry Regulatory Authority (referred to in this 6 section as ‘‘FINRA’’) from enforcing rule 3110(c) of 7 FINRA (relating to internal inspections). 8 Æ VerDate Sep 11 2014 03:52 Apr 03, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6301 E:\BILLS\S3558.IS S3558 kjohnson on DSK79L0C42PROD with BILLS