To require the Securities and Exchange Commission to carry out a study of the 10 per centum threshold limitation applicable to the definition of a diversified company under the Investment Company Act of 1940, and for other purposes.
Expanding Investment in Small Businesses Act of 2019
This bill directs the Securities and Exchange Commission to report on (1) the limitiation on shares of an individual company that a diversified investment company may own, and (2) the limitation's impact on capital formation.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Ms. Waters moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H5283-5285)
DEBATE - The House proceeded with forty minutes of debate on H.R. 3050.
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 H5288)
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): 417 - 2 (Roll no. 432).(text: CR H5283-5284)
Roll Call #432 (House)On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 417 - 2 (Roll no. 432). (text: CR H5283-5284)
Roll Call #432 (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.
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