HEARING

BEFORE

THE COMMITTEE ON INTERSTATE AND FOREIGN COMMERCE ié, HOUSE OF REPRESENTATIVES

SEVENTY-THIRD CONGRESS

SECOND SESSION

ON

H.R. 7852

TO PROVIDE FOR THE REGISTRATION OF NATIONAL
SECURITIES EXCHANGES OPERATING IN INTERSTATE
AND FOREIGN COMMERCE AND THROUGH THE MAILS
AND TO PREVENT INEQUITABLE AND UNFAIR PRAC-

TICES ON SUCH EXCHANGES, AND

FOR OTHER PURPOSES

H.R. 8720
TO PROVIDE FOR THE REGULATION OF NATIONAL
SECURITIES EXCHANGES AND OF OVER-COUNTER
MARKETS]OPERATING IN INTERSTATE AND FOREIGN
COMMERCE OR THROUGH THE MAILS, AND TO PRE-
VENT INEQUITABLE AND UNFAIR PRACTICES

THEREON, AND FOR OTHER PURPOSES

SAM RAYBURN, Texas, Chairman GEORGE HUDDLESTON, Alabama

JOHN G. COOPER, Ohio CLARENCE F. LEA, California

CARL E, MAPES, Michigan ROBERT CROSSER, Ohio

CHARLES A. WOLVERTON, New Jersey PARKER CORNING, New York

JAMES WOLFENDEN, Pennsylvania JACOB L. MILLIGAN, Missouri

PEHR G. HOLMES, Massachusetts ALFRED L. BULWINKLE, North Carolina SCHUYLER MERRITT, Connecticut VIRGIL CHAPMAN, Kentucky

B. CARROLL REECE, Tennessee
PAUL H. MALONEY, Louisiana

JAMES W. WADSWORTH, JR., New York
WILLIAM P. COLE, JR., Maryland
SAMUEL B. PETTENGILL, Indiana
EDWARD A. KELLY, Illinois
E. W. MARLAND, Oklahoma
EDWARD A. KENNEY, New Jersey
GEORGE G. SADOWSKI, Michigan
JOSEPH P. MONAGHAN, Montana
FRANCIS T. MALONEY, Connecticut

ELTON J. LAYTON, Clerk