To amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action.
Latest action · May 16, 2013 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 14, 2013
- Passed HouseMay 15, 2013
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Securities Act of 1933 to set October 31, 2013, as the deadline for the Securities and Exchange Commission (SEC) to add a class of domestic securities to those already exempted from regulation under that Act in accordance with specified terms and conditions, including that: (1) the aggregate offering amount of all securities offered and sold within the prior 12-month period in reliance on the new exemption shall not exceed $50 million, (2) the securities may be offered and sold publicly, and (3) they shall not be restricted securities under federal securities laws and regulations.
Recorded votes 1
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 148 | On Motion to Suspend the Rules and Pass, as Amended | Passed416–6 | May 15, 2013 |
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from Feb 14, 2013 to May 13, 2013; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-CA | Anna G. Eshoo | Original | Feb 14, 2013 |
| R-AZ | David Schweikert | Original | Feb 14, 2013 |
| D-GA | David Scott | Original | Feb 14, 2013 |
| R-NJ | Scott Garrett | Original | Feb 14, 2013 |
| R-NY | Chris Collins | Apr 12, 2013 | |
| R-PA | Michael G. Fitzpatrick | May 13, 2013 |
Committees 2
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 14, 2013Markup May 7, 2013Reported May 15, 2013 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred May 16, 2013 |
Actions 14
Everything that happened, newest first.
- May 16, 2013Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- May 15, 2013Reported by the Committee on Financial Services. H. Rept. 113-58.
- May 15, 2013Placed on the Union Calendar, Calendar No. 36.
- May 15, 2013Mr. McHenry moved to suspend the rules and pass the bill, as amended.
- May 15, 2013Considered under suspension of the rules. (consideration: CR H2627-2629)
- May 15, 2013DEBATE - The House proceeded with forty minutes of debate on H.R. 701.
- May 15, 2013At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
- May 15, 2013Considered as unfinished business. (consideration: CR H2636)
- May 15, 2013Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 416 - 6 (Roll no. 148). (text: CR H2627)
- May 15, 2013Motion to reconsider laid on the table Agreed to without objection.
- May 7, 2013Committee Consideration and Mark-up Session Held.
- May 7, 2013Ordered to be Reported by Voice Vote.
- Feb 14, 2013Introduced in House
- Feb 14, 2013Referred 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 |
|---|---|---|---|
| House | Debate and remarks H2627–H2629Text printed H2627Recorded votes H2636set | Dennis A. Ross R-FL, John D. Dingell D-MI, Maxine Waters D-CA, Patrick T. McHenry R-NC | May 15, 2013 |
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Committee report
Congressional Budget Office cost estimate
- May 15, 2013H.R. 701, a bill to amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such actionAs ordered reported by the House Committee on Financial Services on May 7, 2013
Constitutional authority
The sponsor’s statement, as printed in the page H548.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 113-29 | REDUCING BARRIERS TO CAPITAL FORMATION122 pages | Financial Services Committee | Jun 12, 2013 |
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R43084 | Amending the JOBS Act: Issues in the 113th Congress Archived | Report | May 23, 2013 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action.
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 4
Each version as it was printed, newest first.
- May 16, 2013Referred in Senate
- May 15, 2013Engrossed in House
- May 15, 2013Reported in House
- Feb 14, 2013Introduced 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.
