Consumer and Investor Access to Information Act of 1999
Latest action. Placed on the Union Calendar, Calendar No. 213.
TABLE OF CONTENTS: Title I: Commerce in Duplicated Databases Prohibited Title II: Securities Market Information Consumer and Investor Access to Information Act of 1999 - Title I: Commerce in Duplicated Databases Prohibited - Proscribes the sale or distribution to the public of any database that: (1) is a duplicate of another database collected and organized by another person or entity; and (2) is sold or distributed in commerce in competition with that other database. Excludes from such proscription: (1) certain news and sports information gathering, dissemination and comment; (2) law enforcement and intelligence activities; (3) scientific, educational, or research activities not part of a consistent pattern engaged in for competition with the database organizer; (4) government databases; (5) databases related to Internet communications; (6) computer programs; (7) subscriber list information; (7) certain databases of primary legal materials; and (8) specified securities market data. Preempts State law that is not consistent with this Act. Cites Securities laws unaffected by this Act. Sets forth liability limitations for: (1) service providers; and (2) any person or entity with respect to any misuse of the protection afforded under this title by the person or entity benefiting from duplicate distribution protection. Grants the Federal Trade Commission enforcement and rulemaking authority, and directs it to report to Congress on the effect of this title upon electronic commerce and upon the domestic database industry. Title II: Securities Market Information - Amends the Securities Exchange Act of 1934 to set forth civil remedies for the misappropriation of real-time market information, including injunctions, monetary relief, and disgorgement.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Reported to House amended, Part I" stage on September 30, 1999. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on October 8, 1999: Placed on the Union Calendar, Calendar No. 213.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 106th Congress (1999-00), 580 of the 9,158 bills and joint resolutions introduced became law, about 6.3 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
THOMAS BLILEY (R-VA) introduced it on May 19, 1999, and 18 members have since signed on as cosponsors.
They come from both major parties: 9 Democrats, 9 Republicans.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on May 19, 1999, 10023 days ago. The most recent recorded action was 9881 days ago, on October 8, 1999.
Measures do not carry over. Anything the 106th Congress has not finished by January 3, 2001 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers