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- H.R.4620
H.R.4620: To amend the Investment Advisers Act of 1940 to limit the exemption provided for family offices from the definition of an investment adviser, and for other purposes.
About This Bill
- Introduced July 22, 2021
- Latest Major Action July 29, 2021
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - July 22, 2021
Bill Summary
This bill limits the exemption for family offices from the Securities and Exchange Commission's (SEC's) regulations applicable to investment advisers. A family office is a privately held company that manages a single family's wealth. Currently, a family office is generally not considered an investment adviser for purposes of SEC regulation regardless of the amount of managed assets, and is therefore not subject to regulations relating to...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| July 29, 2021 |
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22.
|
| July 29, 2021 |
Committee Consideration and Mark-up Session Held.
|
| July 28, 2021 |
Committee Consideration and Mark-up Session Held.
|
| July 22, 2021 |
Referred to the House Committee on Financial Services.
|
| July 22, 2021 |
Introduced in the House by Alexandria Ocasio-Cortez (D-N.Y.) |