The hearings also led to passage of the Securities Act of 1933 and the Securities Exchange Act of 1934. Securities issuers and traders were required to release more information, and were subjected to higher transparency standards.
该委员会的报告还促成了《1933年证券法案》和《1934年证券交易法案》的通过。这些法案要求证券发起人和交易人披露更多信息，遵从更高的透明度标准。资本市场可以自我规范的观念基本上遭到了否定。