To direct the Securities and Exchange Commission to revise any rules necessary to enable closed-end companies to use the securities offering and proxy rules that are available to other issuers of securities.
Expanding Investment Opportunities Act
(Sec. 2) This bill directs the Securities and Exchange Commission to revise registration rules to allow a closed-end company to use offering and proxy rules currently available to other issuers of securities, thereby reducing filing requirements and restrictions on communications with investors in certain circumstances. (A closed-end company is a publicly traded investment management company that sells a limited number of shares to investors in an initial public offering.)
Became Public Law No: 115-174.
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.
Hearings Held by the Subcommittee on Capital Markets Prior to Introduction and Referral.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported (Amended) by the Yeas and Nays: 58 - 2.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-517.
Reported (Amended) by the Committee on Financial Services. H. Rept. 115-517.
Placed on the Union Calendar, Calendar No. 386.
Mr. Duffy moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H183-185)
DEBATE - The House proceeded with forty minutes of debate on H.R. 4279.
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At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H454)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 418 - 2 (Roll no. 25).(text: CR 1/16/2018 H183)
Roll Call #25 (House)On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 418 - 2 (Roll no. 25). (text: CR 1/16/2018 H183)
Roll Call #25 (House)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.