HR 4392 · 113th Congress 2013–2015, ended

Energize Emerging Opportunities Act

Fact sheet

Latest action · Apr 22, 2014 Referred to the Subcommittee on General Farm Commodities and Risk Management.

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.

  1. IntroducedApr 3, 2014
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Energize Emerging Opportunities Act - Directs the Commodity Futures Trading Commission (CFTC) to amend regulations regarding criteria qualifying certain registered commodity pool operators for exemption from requirements for specified risk disclosures, performance disclosures, periodic reporting, annual reporting, and recordkeeping.

Alters one criterion for qualification for such exemptions currently granted to: (1) registered commodity pool operators who sell participations in a pool solely to qualified eligible persons in an offering which qualifies for exemption from the registration requirements of the Securities Act, and (2) certain banks registered as commodity pool operators in connection with a pool that is a collective trust fund whose securities are exempt from registration under the Securities Act.

Repeals the current additional criterion for such banks that the securities must be offered or sold, without marketing to the public, solely to qualified eligible persons. Replaces such criterion with one stating simply that the securities must be sold solely to qualified eligible persons. (Thus, eliminates the requirement that such securities be offered or sold without marketing to the public, and so allows such marketing.)

Repeals the current prerequisite for exemption of interests in a commodity pool from registration under the Securities Act of 1933 that such interests be offered and sold without marketing to the public in the United States. Requires such interests, instead, simply to be offered and sold pursuant to specified requirements for exempted transactions. (Thus, also eliminates the requirement that such interests be offered and sold without marketing to the public in the United States, and so allows such marketing.)

Cosponsors

Members who signed on, in the order they did.

No cosponsors are on file for this measure.

Actions 4

Everything that happened, newest first.

  1. Apr 22, 2014Referred to the Subcommittee on General Farm Commodities and Risk Management.
  2. Apr 3, 2014Introduced in House
  3. Apr 3, 2014Referred to the House Committee on Agriculture.
  4. Apr 3, 2014Sponsor introductory remarks on measure. (CR E512)

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 4413Customer Protection and End User Relief ActRelated billJun 25, 2014

Subjects

Assigned by the Library of Congress. Policy area: Finance and Financial Sector.

Text 1

Each version as it was printed, newest first.

  1. Apr 3, 2014Introduced in House

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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.