To amend the Investment Company Act of 1940 to terminate an exemption for companies located in Puerto Rico, the Virgin Islands, and any other possession of the United States.
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
U.S. Territories Investor Protection Act of 2016
This bill amends the Investment Company Act of 1940 to repeal the exemption from its coverage of investment companies created under the laws of Puerto Rico, the Virgin Islands, or any other U.S. possession.
Received in the Senate.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 59 - 0.
Reported by the Committee on Financial Services. H. Rept. 114-673.
Reported by the Committee on Financial Services. H. Rept. 114-673.
Placed on the Union Calendar, Calendar No. 521.
Mr. Hurt (VA) moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H4581-4582)
DEBATE - The House proceeded with forty minutes of debate on H.R. 5322.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H4581)
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On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H4581)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.