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U.S. Territories Investor Protection Act of 2016

1/11/2023, 1:34 PM

Congressional Summary of S 3467

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.

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Current Status of Bill S 3467

Bill S 3467 is currently in the status of Bill Introduced since September 29, 2016. Bill S 3467 was introduced during Congress 114 and was introduced to the Senate on September 29, 2016.  Bill S 3467's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of September 29, 2016

Bipartisan Support of Bill S 3467

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

Policy Area and Potential Impact of Bill S 3467

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Banking and financial institutions regulation
- Caribbean area
- Financial services and investments
- Puerto Rico
- Securities
- U.S. territories and protectorates
- Virgin Islands

Alternate Title(s) of Bill S 3467

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

Comments

Sponsors and Cosponsors of S 3467

Robert Menendez
Robert Menendez
New JerseyDemocrat
Orrin G. Hatch
Orrin G. Hatch
UtahRepublican

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