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- H.R.5913
H.R.5913: Protecting Investors from Excessive SPACs Fees Act of 2021
About This Bill
- Introduced Nov. 9, 2021
- Latest Major Action Nov. 16, 2021
Bill Sponsor
Bill Version
- Introduced in House - Nov. 9, 2021
Bill Summary
Protecting Investors from Excessive SPACs Fees Act of 2021 This bill limits the transaction or recommendation by registered investment advisers to specified investors of securities belonging to certain special purpose acquisition companies and brokers. Special purpose acquisition companies raise capital through initial public offerings with the intent to acquire other companies. Specifically, these securities may not be recommended to a...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Nov. 16, 2021 |
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 29 - 23.
|
| Nov. 16, 2021 |
Committee Consideration and Mark-up Session Held.
|
| Nov. 9, 2021 |
Referred to the House Committee on Financial Services.
|
| Nov. 9, 2021 |
Introduced in the House by Brad Sherman (D-Calif.) |