H.R. 2374 - Retail Investor Protection Act
- Sponsor:
- Ann Wagner
- Summary:
- To amend the Securities Exchange Act of 1934 to provide protections for retail customers, and for other purposes. (by CRS)
- Status:
- The bill was voted on in the House on October 29, 2013
- Amendments:
- 1 proposed amendment. 1 rejected. View amendments
PASSED on October 29, 2013.
1/2 required to pass
voted YES: 254
voted NO: 166
11 voted present/not voting
Retail Investor Protection Act
H.R. 2374 — 113th Congress (2013–2014)
- Summary
- To amend the Securities Exchange Act of 1934 to provide protections for retail customers, and for other purposes. (by CRS)
- Learn More
- At OpenCongress
- Title
- To amend the Securities Exchange Act of 1934 to provide protections for retail customers, and for other purposes.
- Other Titles
- Retail Investor Protection Act
- Retail Investor Protection Act
- Retail Investor Protection Act
- Retail Investor Protection Act
- Sponsor
- Ann Wagner
- Co-Sponsors
- Subjects
- Finance and financial sector
- Banking and financial institutions regulation
- Department of Labor
- Employee benefits and pensions
- Financial services and investments
- Government studies and investigations
- Securities and Exchange Commission (SEC)
- Related Bills
- Major Actions
Introduced 5/23/2013 Referred to Committee Amendments (1 proposed) Passed House 10/29/2013 - Bill History
-
Chamber/Committee Motion Date Result select this vote House H.Amdt. 493 (Miller) to H.R. 2374: Amendment sought to authorize the Department of Labor to issue a fiduciary duty rule ... 10/29/2013 This motion DID NOT PASS the House 174 voted YES 243 voted NO 14 voted present/not votingselect this vote House On Motion to Recommit with Instructions: H R 2374 Retail Investor Protection Act 10/29/2013 This motion DID NOT PASS the House 195 voted YES 223 voted NO 13 voted present/not votingcurrently selected House H.R. 2374 (113th): Retail Investor Protection Act 10/29/2013 This bill PASSED the House 254 voted YES 166 voted NO 11 voted present/not votingselect this vote House On agreeing to the Rules amendment (A001) Agreed to without objection. 10/29/2013 PASSED by voice vote Action Date Description Introduced 6/14/2013 5/23/2013 Hearings Held Prior to Introduction and Referral. 6/14/2013 Referred to the Committee on Financial Services, and in addition to the Committee on 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. 6/14/2013 Referred to House Financial Services 6/14/2013 Referred to House Education and the Workforce 6/14/2013 Introduced in House 6/19/2013 Committee Consideration and Mark-up Session Held. Put on a legislative calendar 6/19/2013 Ordered to be Reported (Amended) by the Yeas and Nays: 44 - 13. 9/25/2013 Reported (Amended) by the Committee on Financial Services. H. Rept. 113-228, Part I. 9/25/2013 Committee on Education and the Workforce discharged. Put on a legislative calendar 9/25/2013 Placed on the Union Calendar, Calendar No. 168. 9/30/2013 Supplemental report filed by the Committee on Financial Services, H. Rept. 113-228, Part II. 10/29/2013 Considered under the provisions of rule H. Res. 391. 10/29/2013 DEBATE - The House proceeded with one hour of debate on H.R. 2374. 10/29/2013 DEBATE - Pursuant to the provisions of H.Res. 391, the House proceeded with 20 minutes of debate on the George Miller amendment. 10/29/2013 POSTPONED PROCEEDINGS - At the conclusion of debate on the George Miller amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. George Miller demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. 10/29/2013 Considered as unfinished business. 10/29/2013 UNFINISHED BUSINESS - The Chair announced that the unfinished business was on the adoption of the George Miller amendment, which was debated earlier and on which further proceedings had been postponed. 10/29/2013 Mr. Tierney moved to recommit with instructions to Education and the Workforce. 10/29/2013 DEBATE - The House proceeded with 10 minutes of debate on the Tierney motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add a new section to the bill titled Protecting Retirement Savings From Investment Fraud. 10/29/2013 The previous question on the motion to recommit with instructions was ordered without objection. 10/29/2013 Motion to reconsider laid on the table Agreed to without objection. 10/29/2013 10/29/2013 House amendment offered 10/29/2013 10/29/2013 House amendment offered select this vote Vote 10/29/2013 H.Amdt. 493 (Miller) to H.R. 2374: Amendment sought to authorize the Department of Labor to issue a fiduciary duty rule ... select this vote Vote 10/29/2013 On Motion to Recommit with Instructions: H R 2374 Retail Investor Protection Act currently selected House Vote on Passage 10/29/2013 H.R. 2374 (113th): Retail Investor Protection Act 10/29/2013 Amendment in the nature of a substitute reported by the House Committee on Rules. 10/29/2013 House amendment offered/reported by : Amendment in the nature of a substitute reported by the House Committee on Rules. select this vote Vote 10/29/2013 On agreeing to the Rules amendment (A001) Agreed to without objection. 10/29/2013 House amendment agreed to: On agreeing to the Rules amendment (A001) Agreed to without objection. 10/29/2013 Amendment agreed to by House: On agreeing to the Rules amendment (A001) Agreed to without objection. 10/29/2013 Amendment (A002) offered by Mr. Miller, George. 10/29/2013 House amendment offered/reported by : Amendment (A002) offered by Mr. Miller, George. 10/29/2013 The previous question was ordered on the amendment (A002) pursuant to the rule. 10/29/2013 Roll call votes on amendments in House 10/30/2013 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Number Sponsor Date Offered Status H. Amdt. 493 Miller, George [D-CA11] October 29, 2013 Failed by voice vote on October 29, 2013. Amendment sought to authorize the Department of Labor to issue a fiduciary duty rule that protects access to investment education and advice and assures the availability of reasonable compensation to financial service providers. Amendment also sought to require a study of the effect of current investment industry practices on the standard of care provided to investors by persons providing investment advice, including the effect on low-income investors.
Average contributions given to House members from interest groups that…
supported this bill
Security brokers & investment companies |
Insurance companies, brokers & agents |
Life insurance |
Chambers of commerce |
opposed this bill
Contributions data source: OpenSecrets.org