A bill was introduced today in the House of Representatives (HR 1952) by Rep. Schweikert that proposes to amend the Securities Exchange Act of 1934 to require the Securities and Exchange Commission to allow publicly traded companies with a certain sized public float to change their stocks' tick sizes to increase liquidity by incentivizing capital commitment, research coverage, and brokerage support, thereby increasing the stocks' liquidity and investor interest, and for other purposes. The bill was referred to the Committee on Financial Services.
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