S.418: Military Personnel Financial Services Protection Act

About This Bill

Bill Summary

Military Personnel Financial Services Protection Act - (Sec. 4) Amends the Investment Company Act of 1940 to make it unlawful for any registered investment company to issue or sell any periodic payment plan certificate. Retains the validity of certain previously issued certificates. Directs the Securities and Exchange Commission (SEC) to report to certain congressional committees on: (1) measures taken by a registered broker or dealer to...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There is one statement associated with S.418.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for S.418.

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably.
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Shelby with an amendment in the nature of a substitute. With written report No. 109-282.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 518.
Measure laid before Senate by unanimous consent.
The committee substitute agreed to by Unanimous Consent.
Passed Senate with an amendment by Unanimous Consent.
Received in the House.
Message on Senate action sent to the House.
Held at the desk.
Mr. Davis (KY) moved to suspend the rules and pass the bill.
Considered under suspension of the rules.
DEBATE - The House proceeded with forty minutes of debate on S. 418.
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.
Considered as unfinished business.
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 418 - 3 (Roll no. 463).
Motion to reconsider laid on the table Agreed to without objection.
Cleared for White House.
Presented to President.
Signed by President.
Became Public Law No: 109-290.
Feb. 17, 2005

Introduced in the Senate by Michael B. Enzi (R-Wyo.)

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