Protecting Advice for Small Savers Act of 2017

Bill: 115-hr-3857
Sponsor: Rep. Wagner, Ann [R-MO-2]
Introduced: 2017-09-27 in the House
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures
Congressional oversight
Department of Labor
Employee benefits and pensions
Financial services and investments
Sales and excise taxes
Securities
Securities and Exchange Commission (SEC)

Summary:
action_date: 2017-09-27
text: 

Protecting Advice for Small Savers Act of 2017 or the PASS Act of 2017

 
This bill nullifies the Department of Labor's "fiduciary duty" rule (which requires a retirement advisor to act in the best interest of the investor) and otherwise revises standards of conduct for brokers and dealers. 


Legislative actions:
action_date: 2018-12-28
text: Placed on the Union Calendar, Calendar No. 865.
action_date: 2018-12-28
text: Committee on Education and the Workforce discharged.
action_date: 2018-12-28
text: Committee on Education and the Workforce discharged.
action_date: 2018-12-28
text: Committee on Ways and Means discharged.
action_date: 2018-12-28
text: Committee on Ways and Means discharged.
action_date: 2018-11-16
text: House Committee on Education and the Workforce Granted an extension for further consideration ending not later than Dec. 28, 2018.
action_date: 2018-11-16
text: House Committee on Ways and Means Granted an extension for further consideration ending not later than Dec. 28, 2018.
action_date: 2018-08-10
text: House Committee on Education and the Workforce Granted an extension for further consideration ending not later than Nov. 16, 2018.
action_date: 2018-08-10
text: House Committee on Ways and Means Granted an extension for further consideration ending not later than Nov. 16, 2018.
action_date: 2018-08-10
text: Reported by the Committee on Financial Services. H. Rept. 115-894, Part I.
action_date: 2018-08-10
text: Reported by the Committee on Financial Services. H. Rept. 115-894, Part I.
action_date: 2017-10-12
text: Ordered to be Reported by the Yeas and Nays: 34 - 26.
action_date: 2017-10-12
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-10-11
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-09-27
text: Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2017-09-27
text: Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2017-09-27
text: Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2017-09-27
text: Introduced in House
action_date: 2017-09-27
text: Introduced in House
action_date: 2017-07-13
text: Hearings Held by the Subcommittee on Capital Markets Prior to Introduction and Referral.