SEC Chair Testifies Before U.S. House Committee on Financial Services
Reynolds Holding
APRIL 23, 2023
Rayburn was not new to the issues of stocks and bonds. In his first term in Congress, he sponsored a bill on railroad stocks and bonds that passed the House but failed in the Senate. [1] After Roosevelt’s call to action in March of 1933, Rayburn sponsored the House version of what became the Securities Act of 1933.
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