Latest action · Jul 10, 2019Received 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.
IntroducedMay 30, 2019
Passed HouseJul 9, 2019
Passed SenateNot reached
To the PresidentNot reached
Became lawNot reached
Summary
Expanding Investment in Small Businesses Act of 2019
This bill directs the Securities and Exchange Commission to report on (1) the limitiation on shares of an individual company that a diversified investment company may own, and (2) the limitation's impact on capital formation.
Recorded votes 1
Newest first. Open one to see how every member voted.
Jul 10, 2019Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jul 9, 2019Ms. Waters moved to suspend the rules and pass the bill, as amended.
Jul 9, 2019Considered under suspension of the rules. (consideration: CR H5283-5285)
Jul 9, 2019DEBATE - The House proceeded with forty minutes of debate on H.R. 3050.
Jul 9, 2019At 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.
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.
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.
Constitutional authority
Congress has the power to enact this legislation pursuant to the following: Section 8, Clause 3, To regulate Commerce with foreign Nations, and among the several States, and within the Indian Tribes Section 8, Clause 18, To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.
The sponsor’s statement, as printed in the Congressional Record, vol. 165, no. 90, May 30, 2019, page H4181.
Titles 5
Every title it has carried, official and short, at each stage.
Official Title as Introduced
To require the Securities and Exchange Commission to carry out a study of the 10 per centum threshold limitation applicable to the definition of a diversified company under the Investment Company Act of 1940, and for other purposes.
Short Titles as Passed House
Expanding Investment in Small Businesses Act of 2019
Short Title(s) as Introduced
Expanding Investment in Small Businesses Act
Short Title(s) as Passed House
Expanding Investment in Small Businesses Act
Short Titles from RFS (Referred to Senate) bill text
Expanding Investment in Small Businesses Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
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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; cost estimates
are the Congressional Budget Office's, and the hearings are the printed
hearings GovInfo publishes, which can appear months after the hearing.
