Salt Lake Telegram | 1934-04-25 | Page 9 | Committee Okehs Exchange Control

COMMITTEE EXCHANGE CONTROL Rayburn Fletcher Bill Comes Before House Monday WASHINGTON April 25 The P house interstate commerce committee commitS commit tee today approved the Fletcher Rayburn Raburn stock market regulation bill The committee action was without a dIssenting vote after a motion to create a commission or of five to administer admin admin- lster ister the regulations was defeated Chairman Rayburn Raburn D. D Texas said he planned to bring the bill before be- be tore fore the house Monday The house bill differs from the senate measure previously reported favorably by the senate banking commIttee It provides a 45 per cent marginal requirement on securities while the senate bill leaves margins up to the federal reserve board