Salt Lake Telegram | 1934-04-11 | Page 2 | Stock Market Bill Revamped

STOCK MARKET BILL REVAMPED REV Senate Committee Strikes Out Six Marginal Requirements WASHINGTON April 11 P JP Sin Six marginal requirements were stricken from rom the stock market control bil bill l today loday by the senate banking committee commit tee without a record vote The committee completely revised the vital marginal section of the bill adopting the Glass proposal to ves vest t control over the problem with the federal reserve board and the proposed proposed proposed pro pro- posed federal securities exchange commission They would regulate the markets market s under the bill biU as now drafted The committee vote was the climax to o a bitter dispute over provisions o othe othe of f the stock market control bill bUt Several Sev eral modifications already had been made mad in the drastic marginal requirements requirements require ments of the ori original inal measure The Glass proposal would give th the e reserve board complete freedom in infixing infixing infixing fixing the marginal requirements on loans by member banks The ties exchange commission would fix marginal requirements for lor brokers broker s and nonmember banks