United States 115th Congress Status: Passed Senate 1 D cosponsors

S 484 — U.S. Territories Investor Protection Act of 2017

Last action — Held at the desk.

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 115th Congress. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

13 added · 22 removed

Plain-language change summary

The amendment changes the language of the bill by removing paragraph (1) from 15 U.S.C. 80a-6(a) and adding a provision that specifies the amendment will take effect three years after the date of enactment. This adjustment outlines a clear timeline for when the new provisions will become applicable, providing a transitional period before the changes take effect.

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484 Reported in Senate (RS)] <DOC> Calendar No.
484 Engrossed in Senate (ES)] <DOC> 115th CONGRESS 1st Session S.
14 115th CONGRESS 1st Session S.
484 _______________________________________________________________________ AN ACT 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.
484 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.
_______________________________________________________________________ IN THE SENATE OF THE UNITED STATES March 1, 2017 Mr.
Menendez (for himself, Mr.
Hatch, Ms.
Cortez Masto, and Mr.
Rubio) introduced the following bill;
which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs March 13, 2017 Reported by Mr.
Crapo, with amendments [Omit the part struck through and insert the part printed in italic] _______________________________________________________________________ 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.
80a-6(a)) is amended by striking paragraph (1).
80a-6(a)) is amended-- (1) by striking paragraph (1);
-- (1) by striking paragraph (1);
(b) Effective Date and Safe Harbor.-- (1) Effective date.--Except as provided in paragraph (2), the amendment made by subsection (a) shall take effect on the date of the enactment of this Act.
(b) Effective Date and Safe Harbor.-- (1) Effective date.--Except as provided in paragraph (2), the amendment made by subsection (a) shall take effect on the date of enactment of this Act.
80a-6(a)(1)) on the day before the date of the enactment of this Act, the amendment made by subsection (a) shall take effect on the date that is 3 years after the date of the enactment of this Act.
80a-6(a)(1)) on the day before the date of enactment of this Act, the amendment made by subsection (a) shall take effect on the date that is 3 years after the date of enactment of this Act.
(3) Extension of safe harbor.--The Securities and Exchange Commission, by rule andor regulation upon its own motion, or by order upon application, may conditionally or unconditionally, under section 6(c) of the Investment Company Act of 1940 (15 U.S.C.
(3) Extension of safe harbor.--The Securities and Exchange Commission, by rule or regulation upon its own motion, or by order upon application, may conditionally or unconditionally, under section 6(c) of the Investment Company Act of 1940 (15 U.S.C.
Calendar No.
Passed the Senate September 11, 2017.
14 115th CONGRESS 1st Session S.
Attest:
484 _______________________________________________________________________ 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.
Secretary.
_______________________________________________________________________ March 13, 2017 Reported with amendments
115th CONGRESS 1st Session S.
484 _______________________________________________________________________ AN ACT 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.
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Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  3. Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.

  4. Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with amendments. Without written report.

  5. Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo with amendments. Without written report.

  6. Placed on Senate Legislative Calendar under General Orders. Calendar No. 14.

  7. Passed/agreed to in Senate: Passed Senate with amendments by Unanimous Consent.(consideration: CR S5169; text: CR S5169)

  8. Passed Senate with amendments by Unanimous Consent. (consideration: CR S5169; text: CR S5169)

  9. Received in the House.

  10. Message on Senate action sent to the House.

  11. Held at the desk.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors S 484?
S 484 is sponsored by Menendez, Robert (Democratic).
What is the current status of S 484?
This bill died with 115th Congress. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track S 484?
Track S 484 free on One Click Politics — get push/email alerts when it moves.

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