The Tower Amendment is a 1975 amendment to the United States Securities Exchange Act of 1934.
In the same year, the Municipal Securities Rulemaking Board (MSRB) had been put in place and was a driving force behind the Tower Amendment. Authored by the former Republican Senator John Tower of Texas, the amendment prohibits the SEC and MSRB from directly or indirectly requiring issuers to file municipal securities documents with them before the securities are sold.
Famous quotes containing the words tower and/or amendment:
“The Church disowned, the tower overthrown, the bells upturned, what have we to do
But stand with empty hands and palms turned upwards
In an age which advances progressively backwards?”
—T.S. (Thomas Stearns)
“Every family should extend First Amendment rights to all its members, but this freedom is particularly essential for our kids. Children must be able to say what they think, openly express their feelings, and ask for what they want and need if they are ever able to develop an integrated sense of self. They must be able to think their own thoughts, even if they differ from ours. They need to have the opportunity to ask us questions when they don’t understand what we mean.”
—Stephanie Martson (20th century)