Intelligent Tick Study Act
Summary
Intelligent Tick Study Act This bill authorizes the Securities and Exchange Commission (SEC) to mandate the use of larger tick sizes in the trade of the securities of emerging growth companies. Tick size is the minimum price increment of a trading instrument. Specifically, the bill authorizes the SEC to designate a tick size larger than $0.01 but not more than $0.25 for these securities. The SEC must report on the impact of potential variations in tick size for all securities.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2022
Committee Review
Floor Vote
President
Introduced Mar 29, 2022
Last action Mar 29, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Mar 29, 2022
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Mar 29, 2022
Introduced
Introduced in Senate
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John Kennedy
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about S 3947
Scope: US
Hi! I can help you understand S 3947. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline