Securities Exchange Act of 1934

Securities Exchange Act of 1934
§ LEGISLATIONfinance· 1934
SignedJune 6, 1934PresidentFranklin D. Roosevelt (D)Congress73rd · House: D · Senate: D
What It Did

Created the Securities and Exchange Commission (SEC) to regulate stock exchanges, brokers, and publicly traded companies. Required periodic financial disclosure by public companies and prohibited various forms of market manipulation and insider trading.

The Vote
House · 281–84 (passage)
D
237 YEA · 10 NAY
R
42 YEA · 72 NAY
Senate · 62–13 (passage)
D
49 YEA · 2 NAY
R
13 YEA · 11 NAY
Key Sponsors
→ Sam Rayburn (D-TX) · House
→ Duncan U. Fletcher (D-FL) · Senate
Related
→ Glass Steagall 1933
→ Dodd Frank 2010
Sources: Congress.gov · VoteView · FRED
In the Years Following

Economic indicators related to this law, showing 5 years before through 10 years after.

Industrial Production Index
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Manufacturing Employment
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Many factors influence economic outcomes. This chart shows trends in the years surrounding this legislation — not necessarily caused by it.