H.R.5424: Investment Advisers Modernization Act of 2016

About This Bill

  • Introduced June 9, 2016
  • Latest Major Action Sept. 12, 2016

Bill Sponsor

Bill Summary

Investment Advisers Modernization Act of 2016 This bill directs the Securities and Exchange Commission (SEC) to amend specified regulations for investment advisers as they apply to private equity firms and private investment funds. (Sec. 2) The bill revises the disclaimer that, in the case of an investment adviser that is a partnership, an assignment shall not be deemed to result from the death, withdrawal, sale or transfer of minority...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 11 statements associated with H.R.5424.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.5424.

Bill Actions

Date Description
Sept. 12, 2016
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sept. 9, 2016
Motion to reconsider laid on the table Agreed to without objection.
Sept. 9, 2016

On passage Passed by the Yeas and Nays: 261 - 145 (Roll no. 495).

Sept. 9, 2016

On motion to recommit with instructions Failed by the Yeas and Nays: 176 - 232 (Roll no. 494).

Sept. 9, 2016
Considered as unfinished business. (consideration: CR H5244-5246)
Sept. 9, 2016
POSTPONED PROCEEDINGS - At the conclusion of debate on the Torres motion to recommit, the Chair put the question on adoption of the motion and by voice vote, announced the noes had prevailed. Mrs. Torres demanded the yeas and nays and the Chair postponed further proceedings on the motion to recommit until later in the legislative day.
Sept. 9, 2016
The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H5244)
Sept. 9, 2016
DEBATE - The House proceeded with 10 minutes of debate on the Torres motion to recommit with instructions pending a reservation of a point of order. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add at the end of the bill a section pertaining to Report on Emergency Vehicle Response Times of Companies Owned by Private Funds. Subsequently, the reservation was removed.
Sept. 9, 2016
Mrs. Torres moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H5238-5239, H5244-5245; text: CR H5238-5239)
Sept. 9, 2016
DEBATE - Pursuant to the provisions of H.Res. 844, the House proceeded with 10 minutes of debate on the Foster amendment.
Sept. 9, 2016
DEBATE - The House proceeded with one hour of debate on H.R. 5424.
Sept. 9, 2016
Rule provides for consideration of H.R. 2357 and H.R. 5424.
Sept. 9, 2016
Considered under the provisions of rule H. Res. 844. (consideration: CR H5230-5239; text of measure as reported in House: CR H5230-5231)
Sept. 9, 2016
ORDER OF PROCEDURE - Mr. Hurt asked unanimous consent that the question of adopting a motion to recommit on H.R. 5424 may be subject to postponement as though under clause 8 of rule 20.
Sept. 8, 2016
Rule H. Res. 844 passed House.
Sept. 6, 2016
Rules Committee Resolution H. Res. 844 Reported to House. Rule provides for consideration of H.R. 2357 and H.R. 5424.
July 21, 2016
Placed on the Union Calendar, Calendar No. 540.
July 21, 2016
Reported (Amended) by the Committee on Financial Services. H. Rept. 114-698.
June 16, 2016
Ordered to be Reported (Amended) by the Yeas and Nays: 47 - 12.
June 16, 2016
Committee Consideration and Mark-up Session Held.
June 15, 2016
Committee Consideration and Mark-up Session Held.
June 9, 2016
Referred to the House Committee on Financial Services.
May 17, 2016
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral.
June 9, 2016

Introduced in the House by Robert Hurt (R-Va.)

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