US Congress House Bill 2940 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 3-0)
Status: Engrossed on November 7 2011 - 50% progression, died in chamber
Action: 2011-11-08 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 225.
Text: Latest bill text (Introduced) [PDF]

Access to Capital for Job Creators Act - Amends the Securities Act of 1933 to exempt from specified prohibitions relating to interstate commerce and the mails any transactions by an issuer that do not involve a public offering (as under current law), whether or not such transactions involve general solicitation or general advertising. Directs the Securities and Exchange Commission (SEC) to revise rules governing an exemption from public offering requirements for limited offers and sales without regard to the dollar amount of the offering (Regulation D), so as to provide that a specified prohibition against general solicitation or general advertising does not apply to offers and sales of securities made pursuant to Regulation D if all purchasers of the securities are accredited investors. Requires such rules to require the issuer to take reasonable steps to verify that purchasers of the securities are accredited investors, using methods determined by the SEC.

Access to Capital for Job Creators Act

Rep. Kevin McCarthy [R-CA]

Rep. Robert Dold [R-IL]

Rep. Nan Hayworth [R-NY]

2011-11-03 - House - On Passage (Y: 413 N: 11 NV: 9 Abs: 0) [PASS]
2011-11-03 - House - On Motion to Recommit with Instructions (Y: 190 N: 236 NV: 7 Abs: 0) [FAIL]
2011-11-03 - House - On Agreeing to the Amendment (Y: 190 N: 234 NV: 9 Abs: 0) [FAIL]

Date	Chamber	Action
2011-11-08	Senate	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 225.
2011-11-07	Senate	Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
2011-11-03	House	Motion to reconsider laid on the table Agreed to without objection.
2011-11-03	House	The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 2930.
2011-11-03	House	The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 2940.
2011-11-03	House	On passage Passed by recorded vote: 413 - 11 (Roll no. 828). (text: CR H7289)
2011-11-03	House	On motion to recommit with instructions Failed by recorded vote: 190 - 236 (Roll no. 827). (consideration: CR H7313)
2011-11-03	House	The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H7313)
2011-11-03	House	DEBATE - The House proceeded with 10 minutes of debate on the DeFazio 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 prohibit those who have been convicted of fraud in connection with a financial transaction.
2011-11-03	House	Mr. DeFazio moved to recommit with instructions to Financial Services. (consideration: CR H7312; text: CR H7312)
2011-11-03	House	H.AMDT.849 On agreeing to the Miller (NC) amendment (A002) Failed by the Yeas and Nays: 190 - 234 (Roll no. 826).
2011-11-03	House	Considered as unfinished business. (consideration: CR H7311-7314)
2011-11-03	House	POSTPONED PROCEEDINGS - At the conclusion of debate on the Miller (NC) amendment, the Chair put the question on adoption of the amendment and by voice vote announced that the noes had prevailed. Mr. Miller (NC) demanded a recored vote and the Chair postponed further proceedings on the amendment under clause 8(a)(1)(A) of rule XX.
2011-11-03	House	DEBATE - Pursuant to the provisions of H. Res. 453, the House proceeded with 10 minutes of debate on the Miller (NC) Part B amendment.
2011-11-03	House	H.AMDT.849 Amendment (A002) offered by Mr. Miller (NC). (consideration: CR H7294-7295, H7311-7312; text: CR H7294)Amendment sought to require a disclosure that if there are going to be unregulated solicitations or advertisements seeking investments in certain companies, the advertisement or solicitation must disclose the existence of any compensation agreement or "golden parachute" severance package for executives that might result in redirection of any profits.
2011-11-03	House	DEBATE - The House proceeded with one hour of debate on H.R. 2940.
2011-11-03	House	Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. The resolution provides that the amendments in the nature of a substitute recommended by the Committee on Financial Services now printed in each of the bills are considered adopted. The bills, as amended, are considered read. Specified amendments are in order.
2011-11-03	House	Considered under the provisions of rule H. Res. 453. (consideration: CR H7289-7295)
2011-11-03	House	Rule H. Res. 453 passed House.
2011-11-02	House	Rules Committee Resolution H. Res. 453 Reported to House. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. The resolution provides that the amendments in the nature of a substitute recommended by the Committee on Financial Services now printed in each of the bills are considered adopted. The bills, as amended, are considered read. Specified amendments are in order.
2011-10-31	House	Placed on the Union Calendar, Calendar No. 176.
2011-10-31	House	Reported (Amended) by the Committee on Financial Services. H. Rept. 112-263.
2011-10-26	House	Ordered to be Reported by Voice Vote.
2011-10-26	House	Committee Consideration and Mark-up Session Held.
2011-10-05	House	Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .
2011-10-05	House	Subcommittee Consideration and Mark-up Session Held.
2011-10-04	House	Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
2011-09-21	House	Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
2011-09-15	House	Referred to the House Committee on Financial Services.

HR453 (Related) 2011-11-03 - Motion to reconsider laid on the table Agreed to without objection.
SB1831 (Related) 2011-12-14 - Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance and Investment. Hearings held.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/2940/all-info
Text	https://www.congress.gov/112/bills/hr2940/BILLS-112hr2940ih.pdf
Text	https://www.congress.gov/112/bills/hr2940/BILLS-112hr2940eh.pdf
Text	https://www.congress.gov/112/bills/hr2940/BILLS-112hr2940rh.pdf
Text	https://www.congress.gov/112/bills/hr2940/BILLS-112hr2940pcs.pdf
Roll Call	https://clerk.house.gov/Votes/2011826
Roll Call	https://clerk.house.gov/Votes/2011827
Roll Call	https://clerk.house.gov/Votes/2011828