HOUSE OF REPRESENTATIVES ACTIONS 12/04/2013

DAILY FLOOR WRAP UP

 

December 4, 2013

 

SUMMARY OF LEGISLATIVE BUSINESS

 

Ordering the Previous Question on H. Res. 429 — "Providing for consideration of the bill (H.R. 3309) to amend title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections, and for other purposes; and providing for consideration of the bill (H.R. 1105) to amend the Investment Advisers Act of 1940 to provide a registration exemption for private equity fund advisers, and for other purposes." – ADOPTED 220 – 194

 

H. Res. 429 — "Providing for consideration of the bill (H.R. 3309) to amend title 35, United States Code, and the Leahy-Smith America Invents Act to make improvements and technical corrections, and for other purposes; and providing for consideration of the bill (H.R. 1105) to amend the Investment Advisers Act of 1940 to provide a registration exemption for private equity fund advisers, and for other purposes." – ADOPTED 229 – 185

 

Carolyn Maloney (D-NY) – Amendment No. 1 – Strikes the text of the underlying bill and eliminates the exemption for certain advisers to private equity funds, requires all private equity fund advisers to register with the SEC, and directs the SEC to create a simplified registration and disclosure regime for small advisers to private equity funds with $150 million to $1 billion in assets under management, does not eliminate ongoing compliance or SEC examinations of advisers to private equity funds. – REJECTED 186 – 225

 

Democrat Motion to Recommit – REJECTED 185 – 227

 

Final Passage of H.R. 1105 — "To amend the Investment Advisers Act of 1940 to provide a registration exemption for private equity fund advisers, and for other purposes." – PASSED 254 – 159