US Congress House Bill 701 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 5-2)
Status: Engrossed on May 16 2013 - 50% progression, died in committee
Action: 2013-05-16 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Engrossed) [PDF]

Amends the Securities Act of 1933 to set October 31, 2013, as the deadline for the Securities and Exchange Commission (SEC) to add a class of domestic securities to those already exempted from regulation under that Act in accordance with specified terms and conditions, including that: (1) the aggregate offering amount of all securities offered and sold within the prior 12-month period in reliance on the new exemption shall not exceed $50 million, (2) the securities may be offered and sold publicly, and (3) they shall not be restricted securities under federal securities laws and regulations.

To amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action.

Rep. Patrick McHenry [R-NC]	Rep. Chris Collins [R-NY]	Rep. Anna Eshoo [D-CA]	Rep. Michael Fitzpatrick [R-PA]
Rep. Scott Garrett [R-NJ]	Rep. David Schweikert [R-AZ]	Rep. David Scott [D-GA]

2013-05-15 - House - On Motion to Suspend the Rules and Pass, as Amended (Y: 416 N: 6 NV: 11 Abs: 0) [PASS]

Date	Chamber	Action
2013-05-16	Senate	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2013-05-15	House	Motion to reconsider laid on the table Agreed to without objection.
2013-05-15	House	On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 416 - 6 (Roll no. 148). (text: CR H2627)
2013-05-15	House	Considered as unfinished business. (consideration: CR H2636)
2013-05-15	House	At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2013-05-15	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 701.
2013-05-15	House	Considered under suspension of the rules. (consideration: CR H2627-2629)
2013-05-15	House	Mr. McHenry moved to suspend the rules and pass the bill, as amended.
2013-05-15	House	Placed on the Union Calendar, Calendar No. 36.
2013-05-15	House	Reported by the Committee on Financial Services. H. Rept. 113-58.
2013-05-07	House	Ordered to be Reported by Voice Vote.
2013-05-07	House	Committee Consideration and Mark-up Session Held.
2013-02-14	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/701/all-info
Text	https://www.congress.gov/113/bills/hr701/BILLS-113hr701ih.pdf
Text	https://www.congress.gov/113/bills/hr701/BILLS-113hr701rh.pdf
Text	https://www.congress.gov/113/bills/hr701/BILLS-113hr701eh.pdf
Roll Call	https://clerk.house.gov/Votes/2013148