US Congress Senate Bill 2716 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on March 17 2016 - 25% progression, died in committee
Action: 2016-03-17 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1597)
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

A bill to update the oil and gas and mining industry guides of the Securities and Exchange Commission. This bill directs the Securities and Exchange Commission (SEC), within 180 days of enactment of this bill, to update: the Securities Act industry guides entitled "Prospectuses relating to interests in oil and gas programs" and "Description of Property by Issuers Engaged or To Be Engaged in Significant Mining Operations," the Exchange Act industry guide entitled "Description of Property by Issuers Engaged or To Be Engaged in Significant Mining Operations," and regulations concerning disclosure by registrants engaged in oil and gas producing activities. In making such updates, the SEC shall work with the Investor Advisory Committee, which shall solicit and consider public input or appropriate disclosures to include and make specific recommendations to the SEC. If the SEC fails to meet the deadline, it must report to and testify before specified congressional committees explaining why it failed to meet it.

A bill to update the oil and gas and mining industry guides of the Securities and Exchange Commission.

Sen. Jack Reed [D-RI]

Sen. Dianne Feinstein [D-CA]

Sen. Sheldon Whitehouse [D-RI]

Sen. Edward Markey [D-MA]

Date	Chamber	Action
2016-03-17	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1597)

HB4792 (Same As) 2016-03-17 - Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/2716/all-info
Text	https://www.congress.gov/114/bills/s2716/BILLS-114s2716is.pdf