To amend the Investment Advisers Act of 1940 to add a definition of family office.
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HR 2225 — To amend the Investment Advisers Act of 1940 to add a definition of family office.
Last action — Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
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✓Introduced
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✓In Committee
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Died in session
This bill died with 112th 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This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.
Summary
Amends the Investment Advisers Act of 1940 to define "family office" (exempt from coverage by the Act) as a company (including any director, partner, trustee, or employee of such company, when acting in their respective capacities as such) that has no clients other than family clients and is owned, controlled, or operated primarily for the benefit of family clients and does not hold itself out to the public as an investment adviser.
Bill Text
We don't have the full text on file for this bill yet.
Read HR 2225 on the official United States source →Action History
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Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
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Referred to the House Committee on Financial Services.
Sponsors
- Jeb Hensarling · Primary
Sponsorship breakdown
Export CSV (upgrade) →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.
Show all 546 →"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 HR 2225 do?
- Amends the Investment Advisers Act of 1940 to define "family office" (exempt from coverage by the Act) as a company (including any director, partner, trustee, or employee of such company, when acting in their respective capacities as such) that has no clients other than family clients and is owned, controlled, or operated primarily for the benefit of family clients and does not hold itself out to the public as an investment adviser.
- Who sponsors HR 2225?
- HR 2225 is sponsored by Jeb Hensarling (R).
- What is the current status of HR 2225?
- This bill died with 112th 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 HR 2225?
- Track HR 2225 free on One Click Politics — get push/email alerts when it moves.
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Last checked for changes about 11 hours ago · updated continuously
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