All Investment advisers Legislation - Federal Government
H.R.6513 - To amend the Federal securities laws to enhance the effectiveness of the Securities and Exchange Commission's enforcement, corporation finance, trading and markets, investment management, and examination programs, and for other purposes.
Latest Action: 09/12/2008 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill Text To amend the Federal securities laws to enhance the effectiveness of the Securities and Exchange Commission's enforcement, corporation finance, trading and markets, investment management, and examination programs, and for other purposes. 9/11/2008--Passed House amended. (There is 1 other summary) Securities Act of 2008 - (Sec. 2) Amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, and the Investment Company Act of 1940 to authorize the Securities and Exchange Commission (SEC) to assess and impose civil penalties in a cease and desist proceeding.Creates three tiers of increasing civil penalties for acts or omissions of increasing gravity.(Sec. 3) Authorizes the SEC to censure, place limitations on the activities or functions of, or investigate any person who at the time of specified alleged misconduct was: (1) a member or employee of the Municipal Securities Rulemaking Board; (2) [...] show full description Comment on Bill S.3219 - A bill to enhance penalties for violations of securities protections that involve targeting seniors.
Latest Action: 06/27/2008 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill Text A bill to enhance penalties for violations of securities protections that involve targeting seniors. 6/27/2008--Introduced.
Senior Investor Protections Enhancement Act of 2008 - Amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to increase to a maximum of $50,000 the civil penalty for a violation of the Act primarily directed toward or committed against a senior (age 62 or older). Directs the United States Sentencing Commission to review and amend federal sentencing guidelines and policy statements to ensure that guideline offense levels and enhancements appropriately punish criminal violations of the securities laws against seniors. H.R.6275 - To amend the Internal Revenue Code of 1986 to provide individuals temporary relief from the alternative minimum tax, and for other purposes.
Latest Action: 06/26/2008 - Received in the Senate and Read twice and referred to the Committee on Finance. Bill Text To amend the Internal Revenue Code of 1986 to provide individuals temporary relief from the alternative minimum tax, and for other purposes. 6/25/2008--Passed House amended. (There is 1 other summary) Alternative Minimum Tax Relief Act of 2008 - Title I: Individual Tax Relief - Amends the Internal Revenue Code to: (1) increase and extend through 2008 the alternative minimum tax (AMT) exemption amounts; and (2) extend through 2008 the offset of certain nonrefundable personal tax credits against regular and AMT tax liability.Title II: Revenue Provisions- (Sec. 201) Defines an "investment services partnership interest" as any interest in a partnership held by a person who provides services to a partnership by: (1) advising the partnership about investing in, purchasing, or selling specified assets; (2) managing, acquiring, or disposing of specified assets; or (3) arranging financing with respect to acquiring specified assets.[...] show full description H.R.6165 - To amend the Internal Revenue Code of 1986 to assist individuals confronting high gasoline and diesel fuel costs in commuting to work by allowing a refundable credit against income tax based on the business standard mileage rate for commuting miles, and for other purposes.
Latest Action: 06/23/2008 - Referred to the Subcommittee on Readiness. Bill Text To amend the Internal Revenue Code of 1986 to assist individuals confronting high gasoline and diesel fuel costs in commuting to work by allowing a refundable credit against income tax based on the business standard mileage rate for commuting miles, and for other purposes. 5/22/2008--Introduced. End the Pain at the Pump Act of 2008 - Amends the Internal Revenue Code to: (1) allow an excise tax credit between June 1, 2008, and May 30, 2011, for individuals commuting to work in a vehicle fueled primarily by gasoline or diesel fuel; (2) treat the income of partners performing investment management services as ordinary income and set forth tax rules for the treatment of partnership acquisition indebtedness and other partnership interests; and (3) require the inclusion in gross income for income tax purposes of employee compensation deferred under a nonqualified deferred compensation plan of a nonqualified entity when there is no substantial risk of forfeiture of the rights to [...] show full description H.R.6069 - To provide additional emergency and enhanced enforcement authority to the Securities and Exchange Commission.
Latest Action: 05/15/2008 - Referred to the House Committee on Financial Services. Bill Text To provide additional emergency and enhanced enforcement authority to the Securities and Exchange Commission. 5/15/2008--Introduced. Enhanced Emergency and Enforcement Authority Act - Amends the Securities Exchange Act of 1934 to empower the Securities and Exchange Commission (SEC) to reduce, eliminate, or prevent substantial disruption by an emergency of the ability of market participants to conduct securities activities or comply with obligations under the securities laws in a timely, orderly, or efficient manner. Amends the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Company Act of 1940, and Investment Advisers Act of 1940 to provide that, in any action or proceeding instituted by the SEC in federal district court for any judicial district, subpoenas issued by or on behalf of such court to compel the attendance of witnesses or the production of documents or tangible things (or both) may be served in any other district (thus granting [...] show full description S.2936 - A bill to amend title XXI of the Social Security Act to reauthorize the State Children's Health Insurance Program, to limit income eligibility expansions under that program until the lowest income eligible individuals are enrolled, and for other purposes.
Latest Action: 04/29/2008 - Read twice and referred to the Committee on Finance. Bill Text A bill to amend title XXI of the Social Security Act to reauthorize the State Children's Health Insurance Program, to limit income eligibility expansions under that program until the lowest income eligible individuals are enrolled, and for other purposes. 4/29/2008--Introduced. Responsible Expansion of the State Children's Health Insurance Program Act of 2008 - Amends title XXI (State Children's Health Insurance) (SCHIP) of the Social Security Act, as amended by the Medicare, Medicaid, and SCHIP Extension Act of 2007, to revise, reauthorize, and extend the SCHIP program through FY2013. Requires the state SCHIP plan to specify how it will achieve coverage for 85% of eligible targeted low-income children in the state. Prohibits payment for child health assistance for a targeted low-income child in a family whose income exceeds 300% of the poverty line. Sets forth special rules for children with family income between 200% and 300% of the applicable poverty line.[...] show full description S.2794 - A bill to protect older Americans from misleading and fraudulent marketing practices, with the goal of increasing retirement security.
Latest Action: 04/01/2008 - Sponsor introductory remarks on measure. (CR S2297) Bill Text A bill to protect older Americans from misleading and fraudulent marketing practices, with the goal of increasing retirement security. 4/1/2008--Introduced.
Senior Investor Protection Act of 2008 - Directs the Attorney General to establish a program of grants to states to: (1) investigate and prosecute misleading and fraudulent marketing practices; or (2) develop educational materials and training aimed at reducing misleading and fraudulent marketing of financial products toward seniors. H.R.3970 - To amend the Internal Revenue Code of 1986 to provide additional tax relief to low and moderate income individuals, to repeal the individual alternative minimum tax, to reform the corporate income tax, and for other purposes.
Latest Action: 10/25/2007 - Referred to the House Committee on Ways and Means. Bill Text To amend the Internal Revenue Code of 1986 to provide additional tax relief to low and moderate income individuals, to repeal the individual alternative minimum tax, to reform the corporate income tax, and for other purposes. 10/25/2007--Introduced. Tax Reduction and Reform Act of 2007 - Amends Internal Revenue Code provisions relating to individual income tax rates, the alternative minimum tax, partnerships and corporations and extends certain expiring tax credits, deductions, and other tax incentives.Increases and modifies: (1) the standard tax deduction for individual taxpayers; and (2) the earned income and child tax credits. Extends the increased alternative minimum tax exemptions for individual taxpayers through 2007. Repeals such tax after 2007. Imposes limitations on the itemized deductions and exemptions of taxpayers with adjusted gross incomes in excess of $250,000.Treats partnership income earned for providing investment management services [...] show full description H.R.3505 - To make various technical and clerical amendments to the Federal securities laws.
Latest Action: 12/07/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill Text To make various technical and clerical amendments to the Federal securities laws. 12/6/2007--Passed House amended. (There is 1 other summary)
Securities Law Technical Corrections Act of 2007 - Makes technical corrections to the following Acts: (1) the Securities Act of 1933; (2) the Securities Exchange Act of 1934; (3) the Trust Indenture Act of 1939; (4) the Investment Company Act of 1940; and (5) the Investment Advisers Act of 1940. Amends the following statutes to make conforming amendments for the repeal of the Public Utility Holding Company Act of 1935: (1) the Securities Exchange Act of 1934; (2) the Trust Indenture Act of 1939; (3) the Investment Company Act of 1940; and (4) the Investment Advisers Act of 1940. H.R.2834 - To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services.
Latest Action: 06/22/2007 - Referred to the House Committee on Ways and Means. Bill Text To amend the Internal Revenue Code of 1986 to treat income received by partners for performing investment management services as ordinary income received for the performance of services. 6/22/2007--Introduced.
Amends the Internal Revenue Code to treat as ordinary income (i.e., income taxed at regular income tax rates) income received by a partner from an investment services partnership interest. Defines "investment services partnership interest" as any interest in a partnership held by a person who provides services to a partnership by: (1) advising the partnership as to the value of specified assets (e.g., real estate, commodities, or options or derivative contracts); (2) advising the partnership about investing in, purchasing, or selling specified assets; (3) managing, acquiring, or disposing of specified assets; or (4) arranging financing with respect to acquiring specified assets. H.R.2785 - To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services.
Latest Action: 06/20/2007 - Referred to the House Committee on Ways and Means. Bill Text To amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. 6/20/2007--Introduced.
Amends the Internal Revenue Code to treat as corporations for income tax purposes certain publicly traded partnerships which directly or indirectly derive income or gain from providing services as an investment adviser (as defined by the Investment Advisers Act of 1940) or asset management services. S.1624 - A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services.
Latest Action: 06/14/2007 - Sponsor introductory remarks on measure. (CR S7743) Bill Text A bill to amend the Internal Revenue Code of 1986 to provide that the exception from the treatment of publicly traded partnerships as corporations for partnerships with passive-type income shall not apply to partnerships directly or indirectly deriving income from providing investment adviser and related asset management services. 6/14/2007--Introduced.
Amends the Internal Revenue Code to treat as corporations for income tax purposes certain publicly traded partnerships which directly or indirectly derive income or gain from providing services as an investment adviser (as defined by the Investment Advisers Act of 1940) or asset management services. H.R.2586 - To amend the Investment Advisers Act of 1940 to authorize the Commission to require the registration of hedge fund advisers under that Act.
Latest Action: 06/06/2007 - Referred to the House Committee on Financial Services. Bill Text To amend the Investment Advisers Act of 1940 to authorize the Commission to require the registration of hedge fund advisers under that Act. 6/6/2007--Introduced. Securities and Exchange Commission Authority Restoration Act of 2007 - Amends the Investment Advisers Act of 1940 with respect to the exemption from the requirement of registration for any investment adviser: (1) who has had fewer than fifteen clients during the course of the preceding twelve months; and (2) who neither holds himself out generally to the public as an investment adviser, nor acts an an investment adviser to any registered investment company or a company which has elected to be a business development company. Authorizes the Securities and Exchange Commission (SEC) to: (1) limit the availability of this exemption; and (2) require the registration of any investment adviser by requiring that certain shareholders, partners, and beneficial owners of, or investors in, clients of the adviser be counted [...] show full description H.R.2341 - To prohibit securities and commodities trading based on nonpublic information relating to Congress, and to require additional reporting by Members and employees of Congress of securities transaction, and for other purposes.
Latest Action: 06/26/2007 - Referred to the Subcommittee on General Farm Commodities and Risk Management. Bill Text To prohibit securities and commodities trading based on nonpublic information relating to Congress, and to require additional reporting by Members and employees of Congress of securities transaction, and for other purposes. 5/16/2007--Introduced. Stop Trading on Congressional Knowledge Act - Amends the Securities Exchange Act of 1934 and the Commodities Exchange Act to direct both the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) to prohibit purchase or sale of either securities or commodities for future delivery by a person in possession of material nonpublic information regarding pending or prospective legislative action if the information was obtained: (1) knowingly from a Member or employee of Congress; (2) by reason of being a Member or employee of Congress; and (3) other federal employees. Amends the Code of Official Conduct of the Rules of the House of Representatives to prohibit designated House personnel from [...] show full description S.1402 - A bill to amend the Investment Advisors Act of 1940, with respect to the exemption to registration requirements.
Latest Action: 05/15/2007 - Sponsor introductory remarks on measure. (CR S6141-6142) Bill Text A bill to amend the Investment Advisors Act of 1940, with respect to the exemption to registration requirements. 5/15/2007--Introduced.
Hedge Fund Registration Act of 2007 - Amends the Investment Advisers Act of 1940 with respect to the exemption from registration requirements of an investment adviser who: (1) during the preceding 12 months has had fewer than 15 clients; (2) does not hold himself out generally to the public as an investment adviser; and (3) does not act as one to any registered investment company or a company which has elected to be a business development company. Revises such exemption to specify, in addition to these criteria, that during the preceding 12-month period the investment adviser: (1) had assets under management of not more than $50 million; and (2) did not manage the assets of more than 15 investors, whether individually, in a pooled investment vehicle, or otherwise. H.R.1289 - To enhance the availability of capital and credit for all citizens and communities, to ensure that community reinvestment keeps pace as banks, securities firms, and other financial service providers become affiliates as a result of the enactment of the Gramm-Leach-Bliley Act, and for other purposes.
Latest Action: 03/01/2007 - Referred to the House Committee on Financial Services. Bill Text To enhance the availability of capital and credit for all citizens and communities, to ensure that community reinvestment keeps pace as banks, securities firms, and other financial service providers become affiliates as a result of the enactment of the Gramm-Leach-Bliley Act, and for other purposes. 3/1/2007--Introduced. Community Reinvestment Modernization Act of 2007 - Repeals specified revisions to regulations governing the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Director of the Office of Thrift Supervision. Reinstates banking agency regulations in effect before the publication of such revisions. Amends the Bank Holding Company Act of 1956 (BHCA) to subject to the Community Reinvestment Act of 1977 (CRA) nonbank affiliates of bank holding companies that engage in lending or offering banking products or services. Amends the CRA to require a rating reduction [...] show full description |
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