A bill to amend the Investment Advisers Act of 1940 to exempt investment advisers who solely advise certain rural business investment companies, and for other purposes.
RBIC Advisers Relief Act of 2018
This bill amends the Investment Advisers Act of 1940 to exempt certain investment advisers from registration requirements. Specifically, investment advisers who solely advise rural business investment companies are exempt from these requirements.
Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S6881-6882)
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(text: CR S6882)
Passed Senate without amendment by Unanimous Consent. (text: CR S6882)
Message on Senate action sent to the House.
Received in the House.
Referred to the House Committee on Financial Services.
Mr. Huizenga moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H10416-10417)
DEBATE - The House proceeded with forty minutes of debate on S. 2765.
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 H10437)
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 389 - 0 (Roll no. 458).(text: CR H10416)
Roll Call #458 (House)On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 389 - 0 (Roll no. 458). (text: CR H10416)
Roll Call #458 (House)Motion to reconsider laid on the table Agreed to without objection.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 115-417.
Became Public Law No: 115-417.
Enacted as Public Law 115-417
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