HJRES 119 — Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews".
Last action — Referred to the House Committee on Financial Services.
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✓Introduced
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2In Committee
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3Passed House
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4Passed Senate
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5To Executive
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6Enacted
This bill died with 118th Congress. It reached “In Committee” 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This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.
Summary
This joint resolution nullifies the final rule issued by the Securities and Exchange Commission (SEC) titled Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews and published on September 14, 2023. The rule requires SEC-registered advisers to private funds to disclose information to investors regarding compensation, sales practices, and conflicts of interest. It also requires SEC-registered advisers to give investors independent fairness opinions and valuation opinions when initiating certain private fund transactions.
Bill Text
- Introduced Introduced in House Current html March 21, 2024
Action History
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Introduced in House
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Introduced in House
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Referred to the House Committee on Financial Services.
Sponsors
- Daniel Meuser · Cosponsor
- Andrew Ogles · Cosponsor
- J. French Hill · Cosponsor
- Alexander X. Mooney · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 3 co-sponsors · 543 not signed on
Sponsors (1)
- Mooney, Alexander X. Republican
Co-sponsors (3)
- Meuser, Daniel Republican
- Ogles, Andrew Republican
- Hill, J. French Republican
Not signed on (543)
543 members have not signed on to this bill.
Show all 543 →"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.
Subjects
Frequently asked questions
- What does HJRES 119 do?
- This joint resolution nullifies the final rule issued by the Securities and Exchange Commission (SEC) titled Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews and published on September 14, 2023. The rule requires SEC-registered advisers to private funds to disclose information to investors regarding compensation, sales practices, and conflicts of interest. It also requires SEC-registered advisers to give investors independent fairness opinions and valuation opinions when initiating certain private fund transactions.
- Who sponsors HJRES 119?
- HJRES 119 is sponsored by Meuser, Daniel (Republican), Ogles, Andrew (Republican), Hill, J. French (Republican), and Mooney, Alexander X. (Republican).
- What is the current status of HJRES 119?
- This bill died with 118th Congress. It reached “In Committee” 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 HJRES 119?
- Track HJRES 119 free on One Click Politics — get push/email alerts when it moves.
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