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911 Emergency Service Protection Act

1/11/2023, 1:33 PM

Congressional Summary of HR 6063

911 Emergency Service Protection Act

This bill amends the Investment Advisers Act of 1940 to require each investment adviser who is required to file annual or other reports under such Act and who advises a private fund that owns a controlling interest in an emergency services company to disclose to the Securities and Exchange Commission, at least annually:

  • the change in the average response time of emergency vehicles since the private fund acquired a controlling interest in the company,
  • the percentage of response times of emergency vehicles deployed by the company to a unit of local government that do not meet a required response time established by a contract for emergency services between the company and such local government, and
  • a description of the impact of any such response time failure on the value of the company to the private fund.

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    Current Status of Bill HR 6063

    Bill HR 6063 is currently in the status of Bill Introduced since September 15, 2016. Bill HR 6063 was introduced during Congress 114 and was introduced to the House on September 15, 2016.  Bill HR 6063's most recent activity was Referred to the House Committee on Financial Services. as of September 15, 2016

    Bipartisan Support of Bill HR 6063

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

    Policy Area and Potential Impact of Bill HR 6063

    Primary Policy Focus

    Finance and Financial Sector

    Potential Impact Areas

    - Emergency medical services and trauma care
    - Financial services and investments
    - First responders and emergency personnel
    - Performance measurement
    - Securities

    Alternate Title(s) of Bill HR 6063

    911 Emergency Service Protection Act
    911 Emergency Service Protection Act
    To amend the Investment Advisers Act of 1940 to require investment advisers who advise a private fund that owns an emergency services company to disclose to the Securities and Exchange Commission the average response times of emergency vehicles deployed by such company in response to 9-1-1 calls, and for other purposes.

    Comments

    Sponsors and Cosponsors of HR 6063

    Norma J. Torres
    Norma J. Torres
    CaliforniaDemocrat

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