US HB4624 | 2011-2012 | 112th Congress
Status
Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Introduced on April 25 2012 - 25% progression, died in chamber
Action: 2012-06-06 - Committee Hearings Held.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 25 2012 - 25% progression, died in chamber
Action: 2012-06-06 - Committee Hearings Held.
Text: Latest bill text (Introduced) [PDF]
Summary
Investment Adviser Oversight Act of 2012 - Amends the Investment Advisers Act of 1940 to require investment advisers to register with a registered national investment adviser association, unless exempted according to specified criteria. Prescribes registration requirements and procedures. Requires each national investment adviser association to conduct an annual conference to which representatives from the state securities administrators association and the Securities and Exchange Commission (SEC) shall be invited to participate in order to foster cooperation between such entities. Sets forth procedures for: (1) approval of registration; and (2) discipline of members by a national investment adviser association, including membership denial and summary suspension. Grants the SEC enforcement authority including suspension and expulsion of members and removal or censure of officers and directors.
Title
Investment Adviser Oversight Act of 2012
Sponsors
Rep. Spencer Bachus [R-AL] | Rep. Carolyn McCarthy [D-NY] | Rep. David Schweikert [R-AZ] | Rep. Steve Stivers [R-OH] |
History
Date | Chamber | Action |
---|---|---|
2012-06-06 | House | Committee Hearings Held. |
2012-04-25 | House | Referred to the House Committee on Financial Services. |
Subjects
Administrative law and regulatory procedures
Administrative remedies
Banking and financial institutions regulation
Business ethics
Business records
Computer security and identity theft
Finance and financial sector
Financial services and investments
Licensing and registrations
Securities and Exchange Commission (SEC)
Administrative remedies
Banking and financial institutions regulation
Business ethics
Business records
Computer security and identity theft
Finance and financial sector
Financial services and investments
Licensing and registrations
Securities and Exchange Commission (SEC)
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/112th-congress/house-bill/4624/all-info |
Text | https://www.congress.gov/112/bills/hr4624/BILLS-112hr4624ih.pdf |