H.R.1053: Common Cents Stock Pricing Act of 1997

Congressional Research Service

Official summary

Version 00 · Introduced in House · Mar 13, 1997

Common Cents Stock Pricing Act of 1997 - Amends the Securities Exchange Act of 1934 to instruct the Securities and Exchange Commission to require quotations in dollars and cents (decimals) for equity securities transactions and prescribe an implementation schedule.

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PlainBill analysis is coming later. This page presents official source data. We have not yet published a PlainBill explanation for this bill.

People & committees

Who introduced it

Rep. Oxley, Michael G. [R-OH-4] · R–OH

Committees

Energy and Commerce Committee

31 cosponsorship records, including any withdrawals

Legislative record

Actions

A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.

May 21, 1997
Forwarded by Subcommittee to Full Committee by Voice Vote.
May 21, 1997
Subcommittee Consideration and Mark-up Session Held.
Apr 16, 1997
Subcommittee Hearings Held.
Apr 10, 1997
Subcommittee Hearings Held.
Mar 21, 1997
Referred to the Subcommittee on Finance and Hazardous Materials.
Mar 13, 1997
Referred to the House Committee on Commerce.
Mar 13, 1997
Sponsor introductory remarks on measure. (CR E471)
Mar 13, 1997
Introduced in House
Mar 13, 1997
Introduced in House

Primary sources

Bill text & related measures

Text links open the official source. We currently store references to these documents.

Introduced in House · Mar 13, 1997 Formatted Text PDF

Related bills identified by Congress.gov

S 838 · Common Cents Stock Pricing Act of 1997

Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.

AI Conversation Starters

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Neutral evidence review

Objective

Analyze H.R.1053 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Discuss H.R.1053, 105th Congress: Common Cents Stock Pricing Act of 1997

Official record: https://www.congress.gov/bill/105th-congress/house-bill/1053

Text version to examine: Introduced in House · 1997-03-13.

Official full text: https://www.congress.gov/105/bills/hr1053/BILLS-105hr1053ih.htm

Imported record last updated by the source: 2025-08-21T16:12:09Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Analyze H.R.1053 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

Fairness and public impact

Progressive lens

Examine H.R.1053 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

View full prompt & sources

Discuss H.R.1053, 105th Congress: Common Cents Stock Pricing Act of 1997

Official record: https://www.congress.gov/bill/105th-congress/house-bill/1053

Text version to examine: Introduced in House · 1997-03-13.

Official full text: https://www.congress.gov/105/bills/hr1053/BILLS-105hr1053ih.htm

Imported record last updated by the source: 2025-08-21T16:12:09Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1053 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

Institutions and government scope

Conservative lens

Examine H.R.1053 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

View full prompt & sources

Discuss H.R.1053, 105th Congress: Common Cents Stock Pricing Act of 1997

Official record: https://www.congress.gov/bill/105th-congress/house-bill/1053

Text version to examine: Introduced in House · 1997-03-13.

Official full text: https://www.congress.gov/105/bills/hr1053/BILLS-105hr1053ih.htm

Imported record last updated by the source: 2025-08-21T16:12:09Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1053 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

Individual rights and government power

Liberty lens

Examine H.R.1053 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

View full prompt & sources

Discuss H.R.1053, 105th Congress: Common Cents Stock Pricing Act of 1997

Official record: https://www.congress.gov/bill/105th-congress/house-bill/1053

Text version to examine: Introduced in House · 1997-03-13.

Official full text: https://www.congress.gov/105/bills/hr1053/BILLS-105hr1053ih.htm

Imported record last updated by the source: 2025-08-21T16:12:09Z. Verify current status and distinguish any later version from the version above.

Read the official text before answering. If you cannot access it, say so and ask me to provide it; do not assume a link means you have read the document. Distinguish proposals from enacted law, cite sources, and separate facts, interpretation, and uncertain predictions. Include counterarguments even when using a particular perspective.

Examine H.R.1053 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.