On May 13th, Representative David Schweikert introduced the Spread Pricing Liquidity Act. The bill would allow companies with a public float of less than $500 million and average daily trading volume under 500,000 shares to select to have their securities quoted at increments of either 5 or 10 cents, while maintaining trading between the quoted ticks. The bill includes a multi-tiered phase-in, opt-out provisions, and prohibits exchanges from charging maker/taker fees. Schweikert Press Release.