H.R. 5424 - Investment Advisers Modernization Act of 2016
- Sponsor:
- Robert Hurt
- Summary:
- To amend the Investment Advisers Act of 1940 and to direct the Securities and Exchange Commission to amend its rules to modernize certain requirements relating to investment advisers, and for other purposes. (by CRS)
- Status:
- The bill was voted on in the House on September 9, 2016
- Amendments:
- 1 proposed amendment. 1 accepted. View amendments
PASSED on September 9, 2016.
1/2 required to pass
voted YES: 261
voted NO: 145
26 voted present/not voting
Investment Advisers Modernization Act of 2016
H.R. 5424 — 114th Congress (2015–2016)
- Summary
- To amend the Investment Advisers Act of 1940 and to direct the Securities and Exchange Commission to amend its rules to modernize certain requirements relating to investment advisers, and for other purposes. (by CRS)
- Learn More
- At OpenCongress
- Title
- To amend the Investment Advisers Act of 1940 and to direct the Securities and Exchange Commission to amend its rules to modernize certain requirements relating to investment advisers, and for other purposes.
- Other Titles
- Investment Advisers Modernization Act of 2016
- Investment Advisers Modernization Act of 2016
- Investment Advisers Modernization Act of 2016
- Investment Advisers Modernization Act of 2016
- Sponsor
- Robert Hurt
- Co-Sponsors
- Subjects
- Finance and financial sector
- Administrative law and regulatory procedures
- Business records
- Financial services and investments
- Fraud offenses and financial crimes
- Marketing and advertising
- Securities
- Securities and Exchange Commission (SEC)
- Related Bills
- Major Actions
Introduced 5/17/2016 Referred to Committee Amendments (1 proposed) Passed House 9/09/2016 - Bill History
-
Chamber/Committee Motion Date Result select this vote House On Motion to Recommit with Instructions: H R 5424 Investment Advisers Modernization Act of 2016 9/09/2016 This motion DID NOT PASS the House 176 voted YES 232 voted NO 24 voted present/not votingcurrently selected House On Passage: H R 5424 Investment Advisers Modernization Act of 2016 9/09/2016 This bill PASSED the House 261 voted YES 145 voted NO 26 voted present/not votingselect this vote House On agreeing to the Foster amendment (A002) Agreed to by voice vote. 9/09/2016 by voice vote Action Date Description Introduced 6/09/2016 5/17/2016 Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral. 6/09/2016 Referred to the House Committee on Financial Services. 6/09/2016 Introduced in House 6/15/2016 Committee Consideration and Mark-up Session Held. 6/16/2016 Committee Consideration and Mark-up Session Held. Put on a legislative calendar 6/16/2016 Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 12. 7/21/2016 Reported (Amended) by the Committee on Financial Services. H. Rept. 114-698. Put on a legislative calendar 7/21/2016 Placed on the Union Calendar, Calendar No. 540. 9/06/2016 Rules Committee Resolution H. Res. 844 Reported to House. Rule provides for consideration of H.R. 2357 and H.R. 5424. 9/08/2016 Rule H. Res. 844 passed House. 9/09/2016 ORDER OF PROCEDURE - Mr. Hurt asked unanimous consent that the question of adopting a motion to recommit on H.R. 5424 may be subject to postponement as though under clause 8 of rule 20. 9/09/2016 Considered under the provisions of rule H. Res. 844. 9/09/2016 Rule provides for consideration of H.R. 2357 and H.R. 5424. 9/09/2016 DEBATE - The House proceeded with one hour of debate on H.R. 5424. 9/09/2016 DEBATE - Pursuant to the provisions of H.Res. 844, the House proceeded with 10 minutes of debate on the Foster amendment. 9/09/2016 Mrs. Torres moved to recommit with instructions to the Committee on Financial Services. 9/09/2016 DEBATE - The House proceeded with 10 minutes of debate on the Torres motion to recommit with instructions pending a reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add at the end of the bill a section pertaining to Report on Emergency Vehicle Response Times of Companies Owned by Private Funds. Subsequently, the reservation was removed. 9/09/2016 The previous question on the motion to recommit with instructions was ordered without objection. 9/09/2016 POSTPONED PROCEEDINGS - At the conclusion of debate on the Torres motion to recommit, the Chair put the question on adoption of the motion and by voice vote, announced the noes had prevailed. Mrs. Torres demanded the yeas and nays and the Chair postponed further proceedings on the motion to recommit until later in the legislative day. 9/09/2016 Considered as unfinished business. 9/09/2016 Motion to reconsider laid on the table Agreed to without objection. 9/09/2016 9/09/2016 House amendment offered 9/09/2016 9/09/2016 House amendment offered select this vote Vote 9/09/2016 On Motion to Recommit with Instructions: H R 5424 Investment Advisers Modernization Act of 2016 currently selected House Vote on Passage 9/09/2016 On Passage: H R 5424 Investment Advisers Modernization Act of 2016 9/09/2016 Amendment (A002) offered by Mr. Foster. 9/09/2016 House amendment offered/reported by : Amendment (A002) offered by Mr. Foster. 9/09/2016 The previous question was ordered on the amendment (A002) without objection. select this vote Vote 9/09/2016 On agreeing to the Foster amendment (A002) Agreed to by voice vote. 9/09/2016 House amendment agreed to: On agreeing to the Foster amendment (A002) Agreed to by voice vote. 9/09/2016 Amendment agreed to by House: On agreeing to the Foster amendment (A002) Agreed to by voice vote. 9/12/2016 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Number Sponsor Date Offered Status select this vote H. Amdt. 1391 Foster, Bill [D-IL11] September 9, 2016 Passed by voice vote on September 9, 2016. Amendment removes provisions related to brochure delivery and the requirement for annual audits at select private funds.
Average contributions given to House members from interest groups that…
supported this bill
Fiscal & tax policy |
opposed this bill
Teachers unions |
State & local govt employee unions |
Communications & hi-tech unions |
Consumer groups |
Public official (elected or appointed) |
Contributions data source: OpenSecrets.org