Representative Steve Stivers

Bill to Reinstate Rule 436(g) Introduced

On April 14, Representative Steve Stivers introduced a bill to reinstate Rule 436(g) of the Securities Act. The bill would repeal Section 939G of the Dodd-Frank Act, under which Section 436(g) was repealed. The reinstatement of Rule 436(g) would exclude NRSROs from being treated as “experts” when their ratings are included in a registration statement. A copy of the bill will be posted on Thomas.