Expanding Investment Opportunities Act

Bill: 115-hr-4279
Sponsor: Rep. Hollingsworth, Trey [R-IN-9]
Introduced: 2017-11-07 in the House
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures
Financial services and investments
Licensing and registrations
Securities
Securities and Exchange Commission (SEC)

Summary:
action_date: 2017-11-07
text: 

Expanding Investment Opportunities Act

 
This bill directs the Securities and Exchange Commission to revise registration rules to allow a closed-end company to use offering and proxy rules currently available to other issuers of securities, thereby reducing filing requirements and restrictions on communications with investors in certain circumstances. (A closed-end company is a publicly traded investment management company that sells a limited number of shares to investors in an initial public offering.)

action_date: 2018-01-16
text: 

Expanding Investment Opportunities Act

 
(Sec. 2) This bill directs the Securities and Exchange Commission to revise registration rules to allow a closed-end company to use offering and proxy rules currently available to other issuers of securities, thereby reducing filing requirements and restrictions on communications with investors in certain circumstances. (A closed-end company is a publicly traded investment management company that sells a limited number of shares to investors in an initial public offering.)

action_date: 2018-01-17
text: 

Expanding Investment Opportunities Act

 
(Sec. 2) This bill directs the Securities and Exchange Commission to revise registration rules to allow a closed-end company to use offering and proxy rules currently available to other issuers of securities, thereby reducing filing requirements and restrictions on communications with investors in certain circumstances. (A closed-end company is a publicly traded investment management company that sells a limited number of shares to investors in an initial public offering.)


Legislative actions:
action_date: 2018-01-18
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2018-01-17
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2018-01-17
text: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 418 - 2 (Roll no. 25). (text: CR 1/16/2018 H183)
action_date: 2018-01-17
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 418 - 2 (Roll no. 25).(text: CR 1/16/2018 H183)
action_date: 2018-01-17
text: Considered as unfinished business. (consideration: CR H454)
action_date: 2018-01-16
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2018-01-16
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 4279.
action_date: 2018-01-16
text: Considered under suspension of the rules. (consideration: CR H183-185)
action_date: 2018-01-16
text: Mr. Duffy moved to suspend the rules and pass the bill, as amended.
action_date: 2018-01-16
text: Placed on the Union Calendar, Calendar No. 386.
action_date: 2018-01-16
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 115-517.
action_date: 2018-01-16
text: Reported (Amended) by the Committee on Financial Services. H. Rept. 115-517.
action_date: 2017-11-15
text: Ordered to be Reported (Amended) by the Yeas and Nays: 58 - 2.
action_date: 2017-11-15
text: Committee Consideration and Mark-up Session Held.
action_date: 2017-11-07
text: Referred to the House Committee on Financial Services.
action_date: 2017-11-07
text: Introduced in House
action_date: 2017-11-07
text: Introduced in House
action_date: 2017-11-03
text: Hearings Held by the Subcommittee on Capital Markets Prior to Introduction and Referral.