H.R.1815: SEC Disclosure Effectiveness Testing Act

About This Bill

Bill Sponsor

Bill Versions

Bill Summary

SEC Disclosure Effectiveness Testing Act This bill requires the Securities and Exchange Commission (SEC) to assess the usefulness of certain disclosure rules to retail investors. Specifically, the SEC must make these assessments regarding both current and new securities rules and regulations that require the disclosure of documents or information to retail investors.

(Source: Library of Congress)

Statement of Administration Policy

The administration strongly opposes this legislation and has recommended the president veto it.

What Lawmakers Are Saying About This Bill

There are 13 statements associated with H.R.1815.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.1815.

Bill Actions

Date Description
Oct. 21, 2019
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct. 17, 2019
The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 1815.
Oct. 17, 2019
Motion to reconsider laid on the table Agreed to without objection.
Oct. 17, 2019
On passage Passed by the Yeas and Nays: 229 - 186 (Roll no. 564).
Oct. 17, 2019
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
Oct. 17, 2019
The previous question was ordered pursuant to the rule.
Oct. 17, 2019
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1815.
Oct. 17, 2019
DEBATE - Pursuant to the provisions of H.Res. 629, the Committee of the Whole proceeded with 10 minutes of debate on the Casten (IL) amendment No. 4.
Oct. 17, 2019
POSTPONED PROCEEDINGS - At the conclusion of debate on the Wagner amendment, the Chair put the question on the amendment and by voice vote, announced that the noes had prevailed. Mrs. Wagner demanded a recorded vote and the Chair postponed further proceedings on agreeing to the amendment until a time to be announced.
Oct. 17, 2019
DEBATE - Pursuant to the provisions of H.Res. 629, the Committee of the Whole proceeded with 10 minutes of debate on the Wagner amendment No. 3.
Oct. 17, 2019
POSTPONED PROCEEDINGS - At the conclusion of debate on the Gottheimer amendment, the Chair put the question on the amendment and by voice vote, announced that the ayes had prevailed. Mr. Gottheimer demanded a recorded vote and the Chair postponed further proceedings on agreeing to the amendment until a time to be announced.
Oct. 17, 2019
DEBATE - Pursuant to the provisions of H.Res. 629, the Committee of the Whole proceeded with 10 minutes of debate on the Gottheimer amendment No. 2.
Oct. 17, 2019
POSTPONED PROCEEDINGS - At the conclusion of debate on the Huizenga amendment, the Chair put the question on the amendment and by voice vote, announced that the noes had prevailed. Mr. Huizenga demanded a recorded vote and the Chair postponed further proceedings on agreeing to the amendment until a time to be announced.
Oct. 17, 2019
DEBATE - Pursuant to the provisions of H.Res. 629, the Committee of the Whole proceeded with 10 minutes of debate on the Huizenga amendment No. 1.
Oct. 17, 2019
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1815.
Oct. 17, 2019
The Speaker designated the Honorable James R. Langevin to act as Chairman of the Committee.
Oct. 17, 2019
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 629 and Rule XVIII.
Oct. 17, 2019
Rule provides for consideration of H.R. 1815 and H.R. 3624 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.
Oct. 17, 2019
Considered under the provisions of rule H. Res. 629.
Oct. 17, 2019
Considered under the provisions of rule H. Res. 629. (consideration: CR H8209-8224; text: CR H8215-8216)
Oct. 15, 2019
Rules Committee Resolution H. Res. 629 Reported to House. Rule provides for consideration of H.R. 1815 and H.R. 3624 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.
June 20, 2019
Placed on the Union Calendar, Calendar No. 91.
June 20, 2019
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-123.
March 28, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 26.
March 28, 2019
Committee Consideration and Mark-up Session Held.
March 27, 2019
Committee Consideration and Mark-up Session Held.
March 26, 2019
Committee Consideration and Mark-up Session Held.
March 18, 2019
Referred to the House Committee on Financial Services.
March 18, 2019

Introduced in the House by Sean Casten (D-Ill.)

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