To amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action.

Bill: 113-hr-701
Sponsor: full_name: Rep. McHenry, Patrick T. [R-NC-10]
Introduced: 2013-02-14
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Financial services and investments

Securities

Securities and Exchange Commission (SEC)
Latest action: action_date: 2013-05-16
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2013-02-14
action_desc: Introduced in House
text: <p>Amends the Securities Act of 1933 to set October 31, 2013, as the deadline for the Securities and Exchange Commission (SEC) to add a class of domestic securities to those already exempted from regulation under that Act in accordance with specified terms and conditions, including that: (1) the aggregate offering amount of all securities offered and sold within the prior 12-month period in reliance on the new exemption shall not exceed $50 million, (2) the securities may be offered and sold publicly, and (3) they shall not be restricted securities under federal securities laws and regulations.<BR> </p>

action_date: 2013-05-15
action_desc: Passed House amended
text: <p>Amends the Securities Act of 1933 to set October 31, 2013, as the deadline for the Securities and Exchange Commission (SEC) to add a class of domestic securities to those already exempted from regulation under that Act in accordance with specified terms and conditions, including that: (1) the aggregate offering amount of all securities offered and sold within the prior 12-month period in reliance on the new exemption shall not exceed $50 million, (2) the securities may be offered and sold publicly, and (3) they shall not be restricted securities under federal securities laws and regulations.<BR> </p>

tv_txt: I 113th CONGRESS 1st Session H. R. 701 IN THE HOUSE OF REPRESENTATIVES February 14, 2013 Mr. McHenry (for himself, Mr. Schweikert , Ms. Eshoo , Mr. Garrett , and Mr. David Scott of Georgia ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action.

1. Rulemaking deadline for exempting certain securities Section 3(b)(2) of the Securities Act of 1933 ( 15 U.S.C. 77c(b)(2) ) is amended by striking The Commission and inserting Not later than October 31, 2013, the Commission .

tv_txt: IIB 113th CONGRESS 1st Session H. R. 701 IN THE SENATE OF THE UNITED STATES May 16, 2013 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT To amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action.

1. Rulemaking deadline for exempting certain securities Section 3(b)(2) of the Securities Act of 1933 (15 U.S.C. 77c(b)(2)) is amended in the matter preceding subparagraph (A) by striking The Commission and inserting Not later than October 31, 2013, the Commission .

Passed the House of Representatives May 15, 2013. Karen L. Haas, Clerk.

tv_txt: I 113th CONGRESS 1st Session H. R. 701 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action.

1. Rulemaking deadline for exempting certain securities Section 3(b)(2) of the Securities Act of 1933 ( 15 U.S.C. 77c(b)(2) ) is amended in the matter preceding subparagraph (A) by striking The Commission and inserting Not later than October 31, 2013, the Commission .

Passed the House of Representatives May 15, 2013. Karen L. Haas, Clerk.

tv_txt: IB Union Calendar No. 36 113th CONGRESS 1st Session H. R. 701 [Report No. 113–58] IN THE HOUSE OF REPRESENTATIVES February 14, 2013 Mr. McHenry (for himself, Mr. Schweikert , Ms. Eshoo , Mr. Garrett , and Mr. David Scott of Georgia ) introduced the following bill; which was referred to the Committee on Financial Services May 15, 2013 Additional sponsors: Mr. Collins of New York and Mr. Fitzpatrick May 15, 2013 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action.

1. Rulemaking deadline for exempting certain securities Section 3(b)(2) of the Securities Act of 1933 ( 15 U.S.C. 77c(b)(2) ) is amended by striking The Commission and inserting Not later than October 31, 2013, the Commission .

May 15, 2013 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed