US Congress House Bill 1954 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on April 22 2015 - 25% progression, died in committee
Action: 2015-04-22 - Referred to the House Committee on Agriculture.
Pending: House Agriculture Committee
Text: Latest bill text (Introduced) [PDF]

Energize Emerging Opportunities Act Directs the Commodity Futures Trading Commission to amend regulations regarding criteria qualifying certain registered commodity pool operators for exemption from requirements for specified risk disclosures, performance disclosures, periodic reporting, annual reporting, and recordkeeping. Alters one criterion for qualification for such exemptions currently granted to: (1) registered commodity pool operators who sell participations in a pool solely to qualified eligible persons in an offering which qualifies for exemption from the registration requirements of the Securities Act, and (2) certain banks registered as commodity pool operators in connection with a pool that is a collective trust fund whose securities are exempt from registration under the Securities Act. Repeals the current additional criterion for such banks that the securities must be offered or sold, without marketing to the public, solely to qualified eligible persons. Replaces such criterion with one stating simply that the securities must be sold solely to qualified eligible persons. (Thus, eliminates the requirement that such securities be offered or sold without marketing to the public, and so allows such marketing.) Repeals the current prerequisite for exemption of interests in a commodity pool from registration under the Securities Act of 1933 that such interests be offered and sold without marketing to the public in the United States. Requires such interests, instead, simply to be offered and sold pursuant to specified requirements for exempted transactions. (Thus, also eliminates the requirement that such interests be offered and sold without marketing to the public in the United States, and so allows such marketing.)

Energize Emerging Opportunities Act

Rep. Stephen Fincher [R-TN]

Date	Chamber	Action
2015-04-22	House	Referred to the House Committee on Agriculture.
2015-04-22	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/1954/all-info
Text	https://www.congress.gov/114/bills/hr1954/BILLS-114hr1954ih.pdf