On March 13, the Securities and Exchange Commission announced that it will consider whether to propose short sale price test rules at its open meeting on April 8. Separately, on March 16, Senators Ted Kaufman (D-Delaware) and Johnny Isakson (R-Georgia) introduced a bill to require the SEC to reinstate the “uptick rule” prohibiting short sales not effected upon an increase in the stock price in an attempt to increase the pressure on the SEC to take action.