Bills
H.R.701

H.R.701: 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.

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About This Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
Introduced Feb. 14, 2013
Latest Major Action May 16, 2013

Bill Sponsor

Patrick T. McHenry (R-N.C.)

Bill Cosponsors

6 (2 Democrats, 4 Republicans)

Bill Summary

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...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 5 statements associated with H.R.701.

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Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.701.

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Bill Actions

Date	Description
May 16, 2013	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
May 15, 2013	Motion to reconsider laid on the table Agreed to without objection.
May 15, 2013	Vote in the 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)
May 15, 2013	Considered as unfinished business. (consideration: CR H2636)
May 15, 2013	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.
May 15, 2013	DEBATE - The House proceeded with forty minutes of debate on H.R. 701.
May 15, 2013	Considered under suspension of the rules. (consideration: CR H2627-2629)
May 15, 2013	Mr. McHenry moved to suspend the rules and pass the bill, as amended.
May 15, 2013	Placed on the Union Calendar, Calendar No. 36.
May 15, 2013	Reported by the Committee on Financial Services. H. Rept. 113-58.
May 7, 2013	Ordered to be Reported by Voice Vote.
May 7, 2013	Committee Consideration and Mark-up Session Held.
Feb. 14, 2013	Referred to the House Committee on Financial Services.
Feb. 14, 2013	Introduced in the House by Patrick T. McHenry (R-N.C.)

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