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U.S. Territories Investor Protection Act of 2016

1/11/2023, 1:32 PM

Congressional Summary of HR 5322

(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.

Read the Full Bill

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Current Status of Bill HR 5322

Bill HR 5322 is currently in the status of Bill Introduced since May 25, 2016. Bill HR 5322 was introduced during Congress 114 and was introduced to the House on May 25, 2016.  Bill HR 5322's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of July 12, 2016

Bipartisan Support of Bill HR 5322

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
2
Democrat Cosponsors
2
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5322

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 5322

U.S. Territories Investor Protection Act of 2016
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.
U.S. Territories Investor Protection Act of 2016
U.S. Territories Investor Protection Act of 2016

Comments

Sponsors and Cosponsors of HR 5322

Nydia M. Velázquez
Nydia M. Velázquez
New YorkDemocrat
Jose E. Serrano
Jose E. Serrano
New YorkDemocrat

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