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- S.2059
S.2059: Mutual Fund Reform Act of 2004
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about congress
- Introduced Feb. 10, 2004
- Latest Major Action Feb. 10, 2004
Bill Sponsor
Bill Cosponsors
12 (7 Democrats, 6 Republicans)
Bill Summary
Mutual Fund Reform Act of 2004 - Amends the Investment Company Act of 1940 to: (1) reduce from 60 percent to 25 percent the maximum number of interested persons serving on the board of directors of a registered investment company; and (2) prohibit an interested person of such company from serving as chairman of such board of directors. States that a fiduciary duty is owed by: (1) the board of directors to act with loyalty and care in the best...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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| Feb. 10, 2004 |
Introduced in the Senate by Peter G. Fitzgerald (R-Ill.) |