--- title: "Meaning & Key Takeaway of: The Government Securities Act gave the…" description: "\"The Government Securities Act gave the Treasury Department some rulemaking authority over all government securities brokers and dealers. But the act al..." image: "https://sms4smile.com/quotes/i/ac0/jerome-powell-7353_authority_the-government-securities-act-gave-the-t_2208093.jpg" --- # The Government Securities Act gave the Treasury Department… ![“The Government Securities Act gave the Treasury Department some rulemaking authority over all government securities brokers and dealers. But the act also required these firms to register with the SEC.” quote by Jerome Powell](https://sms4smile.com/quotes/i/ac0/jerome-powell-7353_authority_the-government-securities-act-gave-the-t_2208093.jpg) [Download](https://sms4smile.com/quotes/i/ac0/jerome-powell-7353_authority_the-government-securities-act-gave-the-t_2208093.jpg) [Open image](https://sms4smile.com/quotes/i/ac0/jerome-powell-7353_authority_the-government-securities-act-gave-the-t_2208093.jpg) > “The Government Securities Act gave the Treasury Department some rulemaking authority over all government securities brokers and dealers. But the act also required these firms to register with the SEC.” [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The act gave the Treasury rulemaking power over securities brokers, requiring SEC registration. **In simple terms:** Treasury can set rules; brokers must register. Key Takeaway Understand regulatory compliance. Themes finance law government Mood informative neutral Type explanatory technical When to use this quote - investment firms - legal counsel - policy analysis Key Concepts economics public policy Questions to Reflect On - How does registration affect market entry? - What are the benefits of Treasury oversight? A Different Perspective Regulation may limit market flexibility. ★ ★ ★ ★ ★ No ratings yet [Authority](https://sms4smile.com/quotes/about/authority/) [Dealers Act](https://sms4smile.com/quotes/about/dealers-act-4877613/) [Government](https://sms4smile.com/quotes/about/government/) [Government Securities](https://sms4smile.com/quotes/about/government-securities-3249800/) [Over](https://sms4smile.com/quotes/about/over/) [Politics](https://sms4smile.com/quotes/about/politics/) [Rulemaking Authority](https://sms4smile.com/quotes/about/rulemaking-authority-4877612/) [Securities Act](https://sms4smile.com/quotes/about/securities-act-4877610/) [Securities Brokers](https://sms4smile.com/quotes/about/securities-brokers-4877611/) [Treasury](https://sms4smile.com/quotes/about/treasury/) ## Related quotes > [To ensure financial stability, we expect the provision of U.S. government securities settlement services to be robust in nearly all contingencies.](https://sms4smile.com/quotes/jerome-powell/to-ensure-financial-stability-we-expect-the-provision-of-u-s/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [ “Securities Act \[of 1933\] will be fully justified if it drives the government into the investment banking” ](https://sms4smile.com/quotes/anonymous/securities-act-of-1933-will-be-fully-justified-if-it-drives-the/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [There is only one institution that can arrogate to itself the power legally to trade by means of rubber checks: the government. And it…](https://sms4smile.com/quotes/ayn-rand/there-is-only-one-institution-that-can-arrogate-to-itself-the-power/) [Ayn Rand](https://sms4smile.com/quotes/author/ayn-rand/) > [By purchasing and holding large amounts of Treasury securities and MBS, we put additional downward pressure on term premiums and so on long-term rates.](https://sms4smile.com/quotes/jerome-powell/by-purchasing-and-holding-large-amounts-of-treasury-securities-and/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [The sale of Treasury bonds, notes, and bills finances the U.S. government, and those securities are, in turn, a primary vehicle for savings for…](https://sms4smile.com/quotes/jerome-powell/the-sale-of-treasury-bonds-notes-and-bills-finances-the-u-s/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [The Treasury Department would use the interest from these securities to hire U.S. companies to build Saudi Arabia - new cities, new infrastructure -…](https://sms4smile.com/quotes/john-perkins/the-treasury-department-would-use-the-interest-from-these-securities/) [John Perkins](https://sms4smile.com/quotes/author/john-perkins/) > [Debtor countries may postpone the inevitable by borrowing from the IMF or U.S. Treasury to buy out bondholders. 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In addition, the firm's risk management capabilities…](https://sms4smile.com/quotes/jerome-powell/alignment-of-business-strategy-and-risk-appetite-should-minimize-the/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [The too-big-to-fail reform project is massive in scope. In my view, it holds real promise. But the project will take years to complete. Success…](https://sms4smile.com/quotes/jerome-powell/the-too-big-to-fail-reform-project-is-massive-in-scope-in-my-view-it/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [The financial crisis and the Great Recession left firms with excess capacity, reducing incentives to invest. If businesses expect slower growth to continue, that…](https://sms4smile.com/quotes/jerome-powell/the-financial-crisis-and-the-great-recession-left-firms-with-excess/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [All economic forecasts are subject to considerable uncertainty. There is always a wide range of plausible outcomes for important economic variables, including the federal…](https://sms4smile.com/quotes/jerome-powell/all-economic-forecasts-are-subject-to-considerable-uncertainty-there/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [Emerging market economies have long grappled with the challenges posed by large and volatile cross-border capital flows.](https://sms4smile.com/quotes/jerome-powell/emerging-market-economies-have-long-grappled-with-the-challenges/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [A risk-insensitive leverage ratio can be a useful backstop to risk-based capital requirements. 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But we are responsible for regulating and supervising banking…](https://sms4smile.com/quotes/jerome-powell/the-federal-reserve-is-not-charged-with-designing-or-evaluating/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [Although I have never worked in a community bank, I have been a customer, and I know from personal experience the special skills that…](https://sms4smile.com/quotes/jerome-powell/although-i-have-never-worked-in-a-community-bank-i-have-been-a/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [Perhaps the greatest challenge for the resolution of a systemic global bank is the possibility that public or private actors in different countries might…](https://sms4smile.com/quotes/jerome-powell/perhaps-the-greatest-challenge-for-the-resolution-of-a-systemic/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [An efficient payments system provides the infrastructure needed to transfer money in low-cost and convenient ways. Efficient systems are innovative in improving the quality…](https://sms4smile.com/quotes/jerome-powell/an-efficient-payments-system-provides-the-infrastructure-needed-to/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [Higher capital requirements increase bank costs, and at least some of those costs will be passed along to bank customers and shareholders. But in…](https://sms4smile.com/quotes/jerome-powell/higher-capital-requirements-increase-bank-costs-and-at-least-some-of/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [More regulation is not the best answer to every problem.](https://sms4smile.com/quotes/jerome-powell/more-regulation-is-not-the-best-answer-to-every-problem/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [Loss-absorbing capacity among banks is substantially higher as a result of both regulatory requirements and stress testing exercises.](https://sms4smile.com/quotes/jerome-powell/loss-absorbing-capacity-among-banks-is-substantially-higher-as-a/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [The Federal Reserve is committed to fulfilling our statutory mandate of stable prices and maximum employment.](https://sms4smile.com/quotes/jerome-powell/the-federal-reserve-is-committed-to-fulfilling-our-statutory-mandate/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) > [We live in a world defined by the rapid pace of technological change.](https://sms4smile.com/quotes/jerome-powell/we-live-in-a-world-defined-by-the-rapid-pace-of-technological-change/) [Jerome Powell](https://sms4smile.com/quotes/author/jerome-powell/) [Explore all 92 Jerome Powell quotes ](https://sms4smile.com/quotes/author/jerome-powell/) ## More Authority quotes > [I don't believe in competitions between artists. 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This delay was due to a desire on the part…](https://sms4smile.com/quotes/jorge-luis-borges/the-execution-was-set-for-the-29th-of-march-at-nine-in-the-morning/) [Jorge Luis Borges](https://sms4smile.com/quotes/author/jorge-luis-borges/) > [I started with the belief that every person who came to the laboratory was free to accept or to reject the dictates of authority.…](https://sms4smile.com/quotes/stanley-milgram/i-started-with-the-belief-that-every-person-who-came-to-the/) [Stanley Milgram](https://sms4smile.com/quotes/author/stanley-milgram/) > [The rationale which accompanies that imposition of male authority euphemistically referred to as 'the battle of the sexes' bears a certain resemblance to the…](https://sms4smile.com/quotes/kate-millett/the-rationale-which-accompanies-that-imposition-of-male-authority/) [Kate Millett](https://sms4smile.com/quotes/author/kate-millett/) > [“We are at the mercy of whoever wields authority over the things we either desire or detest. 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