Puerto Rico Investor Protection Act of 2015

Bill: 114-hr-3610
Sponsor: full_name: Rep. Velazquez, Nydia M. [D-NY-7]
Introduced: 2015-09-25
Policy area: Finance and Financial Sector
Subjects: Caribbean area

Financial services and investments

Puerto Rico

Securities
Latest action: action_date: 2015-09-25
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2015-09-25
action_desc: Introduced in House
text: <p><b>Puerto Rico Investor Protection Act of 2015</b></p> <p>This bill amends the Investment Company Act of 1940 to repeal the exemption from coverage by the Act that is granted to investment companies created under the laws of a U.S. possession, including Puerto Rico and the Virgin Islands.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 3610 IN THE HOUSE OF REPRESENTATIVES September 25, 2015 Ms. Velázquez (for herself, Ms. Maxine Waters of California , and Mr. Serrano ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Investment Company Act of 1940 to terminate the exemption of companies located in Puerto Rico, the Virgin Islands, and any other possession of the United States.

1. Short title This Act may be cited as the Puerto Rico Investor Protection Act of 2015 . 2. Termination of exemption Section 6(a) of the Investment Company Act of 1940 ( 15 U.S.C. 80a–6(a) ) is amended by striking paragraph (1).