{"id":4519,"date":"2007-11-02T12:26:21","date_gmt":"2007-11-02T12:26:21","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/11\/bill_allowing_american_stock_e"},"modified":"2022-03-28T14:36:15","modified_gmt":"2022-03-28T19:36:15","slug":"bill-allowing-american-stock-e","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/bill-allowing-american-stock-e\/","title":{"rendered":"Bill Allowing American Stock Exchange to Increase Competitiveness With Second Tier Markets Passes House of Representatives"},"content":{"rendered":"<p>On October 23, The House of Representatives passed Bill H.R. 2868, which allows the American Stock Exchange (Amex) to move forward with plans to create a second tier market for smaller companies that have less restrictive listing standards. The plan will hopefully improve the global competitiveness of U.S. financial markets.<\/p>\n<p>H.R. 2868 was introduced by New York Representatives Vito Fossella and Gregory Meeks. Both men claim that the bill is intended to slow down the flow of U.S. initial public offerings from U.S. exchanges to foreign exchanges.<\/p>\n<p>The proposed Small Cap Competitive Listing Act would take away the &#8220;inadvertent&#8221; legal impediment brought about by the 1996 National Securities Markets Improvement Act (NSMIA) and allow for developmental listing tiers on the three major U.S. stock exchanges.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/bill-allowing-american-stock-e\/\"  title=\"Continue Reading Bill Allowing American Stock Exchange to Increase Competitiveness With Second Tier Markets Passes House of Representatives\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>On October 23, The House of Representatives passed Bill H.R. 2868, which allows the American Stock Exchange (Amex) to move forward with plans to create a second tier market for smaller companies that have less restrictive listing standards. The plan will hopefully improve the global competitiveness of U.S. financial markets. H.R. 2868 was introduced by [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3740],"tags":[],"class_list":["post-4519","post","type-post","status-publish","format-standard","hentry","category-miscellaneous"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bill Allowing American Stock Exchange to Increase Competitiveness With Second Tier Markets Passes House of Representatives &#8212; Investor Lawyers Blog &#8212; November 2, 2007<\/title>\n<meta name=\"description\" content=\"On October 23, The House of Representatives passed Bill H.R. 2868, which allows the American Stock Exchange (Amex) to move forward with plans to create a &#8212; November 2, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/bill-allowing-american-stock-e\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Bill Allowing American Stock Exchange to Increase Competitiveness With Second Tier Markets Passes House of Representatives &#8212; Investor Lawyers Blog &#8212; November 2, 2007\" \/>\n<meta name=\"twitter:description\" content=\"On October 23, The House of Representatives passed Bill H.R. 2868, which allows the American Stock Exchange (Amex) to move forward with plans to create a &#8212; November 2, 2007\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bill Allowing American Stock Exchange to Increase Competitiveness With Second Tier Markets Passes House of Representatives &#8212; Investor Lawyers Blog &#8212; November 2, 2007","description":"On October 23, The House of Representatives passed Bill H.R. 2868, which allows the American Stock Exchange (Amex) to move forward with plans to create a &#8212; November 2, 2007","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.investorlawyers.com\/blog\/bill-allowing-american-stock-e\/","twitter_card":"summary_large_image","twitter_title":"Bill Allowing American Stock Exchange to Increase Competitiveness With Second Tier Markets Passes House of Representatives &#8212; Investor Lawyers Blog &#8212; November 2, 2007","twitter_description":"On October 23, The House of Representatives passed Bill H.R. 2868, which allows the American Stock Exchange (Amex) to move forward with plans to create a &#8212; November 2, 2007","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/bill-allowing-american-stock-e\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/bill-allowing-american-stock-e\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Bill Allowing American Stock Exchange to Increase Competitiveness With Second Tier Markets Passes House of Representatives","datePublished":"2007-11-02T12:26:21+00:00","dateModified":"2022-03-28T19:36:15+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/bill-allowing-american-stock-e\/"},"wordCount":341,"articleSection":["Miscellaneous"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/bill-allowing-american-stock-e\/","url":"https:\/\/www.investorlawyers.com\/blog\/bill-allowing-american-stock-e\/","name":"Bill Allowing American Stock Exchange to Increase Competitiveness With Second Tier Markets Passes House of Representatives &#8212; 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