Independent Investment Advisers Act of 2002
Latest action · Feb 11, 2002 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedFeb 4, 2002
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Instructs the Securities and Exchange Commission (SEC) to prohibit an investment adviser from engaging in transactions with respect to any security of a company during the 30 days beginning on the date on which such adviser publishes any analysis or report regarding such company or its securities.
Amends the Securities Exchange Act of 1934 to instruct the SEC to prohibit any independent public accountant or associated person from engaging in (auditor) trading or transactions with respect to any security of a company during the 30 days preceding, and the 30 days following, the date on which the accountant certifies any financial document regarding the company or its securities.
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from Feb 14, 2002 to Mar 13, 2002.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Bob Filner | Feb 14, 2002 | |
| D-PA | Chaka Fattah | Feb 14, 2002 | |
| D-NJ | Bill Pascrell, Jr. | Feb 26, 2002 | |
| D-AS | Eni F. H. Faleomavaega | Feb 26, 2002 | |
| D-NY | Major R. Owens | Feb 26, 2002 | |
| D-CA | Sam Farr | Mar 13, 2002 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Feb 4, 2002 |
| Capital Markets Subcommittee | Referred Feb 11, 2002 |
Actions 4
Everything that happened, newest first.
- Feb 11, 2002Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
- Feb 4, 2002Introduced in House
- Feb 4, 2002Sponsor introductory remarks on measure. (CR E65)
- Feb 4, 2002Referred to the House Committee on Financial Services.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| Extensions | Debate and remarks E65 | Alcee L. Hastings D-FL | Feb 4, 2002 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To require investment advisers to make prominent public disclosures of ties with companies being analyzed by them, and for other purposes.
- Short Titles as Introduced
- Independent Investment Advisers Act of 2002
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Accounting
- Accounting and auditing
- Administrative procedure
- Auditing
- Auditing and auditors
- Commerce
- Conferences
- Corporate collapse
- Corporate mergers
- Corporate reorganizations
- Debt
- Fees
- Finance and Financial Sector
- Government Operations and Politics
- Independent regulatory commissions
- Information disclosure (Securities law)
- Insider trading in securities
- Investment advisers
- Investments
- Law
- Public speaking
- Radio broadcasting
- Science, Technology, Communications
- Securities
- Securities and Exchange Commission
- Securities regulation
- Stocks
- Television broadcasting
Text 1
Each version as it was printed, newest first.
- Feb 4, 2002Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
