House Bill 1815
116th Congress(2019-2020)
SEC Disclosure Effectiveness Testing Act
Active
Amendments
Passed House on Oct 17, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1815
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
checkPassed on October 17, 2019
Question
On Passage
Status
Passed
Type
Roll Call Vote
Roll Call Vote
A vote that records the individual position of each Member who voted. Such votes occurring on the House floor (by the "yeas and nays" or by "recorded vote") are taken by electronic device. The Senate has no electronic voting system; in such votes, Senators answer "yea" or "nay" as the clerk calls each name aloud. Each vote is compiled by clerks and receives a roll call number (referenced in Congress.gov as a "Record Vote" [Senate] or "Roll no." [House]).
Roll Call Type
Yea-And-Nay
Roll Number
564
House Roll Call Votes
No
Alabama
Alabama
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Alabama
Alabama
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Alabama
Alabama
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Alabama
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Alabama
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Alabama
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Alabama
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Alaska
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Arizona
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Arkansas
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California
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Colorado
Colorado
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Colorado
Colorado
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Colorado
Colorado
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Colorado
Colorado
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Colorado
Colorado
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Colorado
Colorado
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Colorado
Colorado
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Connecticut
Connecticut
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Connecticut
Connecticut
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Connecticut
Connecticut
Yes
Connecticut
Connecticut
Didn't Vote
Connecticut
Connecticut
Yes
Delaware
Delaware
Didn't Vote
Florida
Florida
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Florida
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Florida
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Georgia
Georgia
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Hawaii
Hawaii
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Hawaii
Hawaii
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Idaho
Idaho
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Idaho
Idaho
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Illinois
Illinois
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Illinois
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Illinois
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Illinois
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Indiana
Indiana
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Indiana
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Indiana
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Indiana
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Indiana
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Indiana
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Indiana
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Indiana
Indiana
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Iowa
Iowa
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Iowa
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Iowa
Iowa
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Iowa
Iowa
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Kansas
Kansas
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Kansas
Kansas
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Kansas
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Kansas
Kansas
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Kentucky
Kentucky
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Kentucky
Kentucky
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Kentucky
Kentucky
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Kentucky
Kentucky
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Kentucky
Kentucky
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Kentucky
Kentucky
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Louisiana
Louisiana
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Louisiana
Louisiana
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Louisiana
Louisiana
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Louisiana
Louisiana
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Louisiana
Louisiana
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Louisiana
Louisiana
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Maine
Maine
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Maine
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Maryland
Maryland
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Maryland
Maryland
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Maryland
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Maryland
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Maryland
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Massachusetts
Massachusetts
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Massachusetts
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Massachusetts
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Massachusetts
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Michigan
Michigan
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Michigan
Michigan
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Michigan
Michigan
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Michigan
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Minnesota
Minnesota
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Minnesota
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Mississippi
Mississippi
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Mississippi
Mississippi
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Mississippi
Mississippi
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Mississippi
Mississippi
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Missouri
Missouri
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Missouri
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Missouri
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Missouri
Missouri
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Missouri
Missouri
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Montana
Montana
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Nebraska
Nebraska
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Nebraska
Nebraska
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Nebraska
Nebraska
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Nevada
Nevada
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Nevada
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Nevada
Nevada
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Nevada
Nevada
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New Hampshire
New Hampshire
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New Hampshire
New Hampshire
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Jersey
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New Jersey
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New Jersey
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New Jersey
New Jersey
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New Jersey
New Jersey
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New Mexico
New Mexico
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New Mexico
New Mexico
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New Mexico
New Mexico
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
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New York
New York
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New York
New York
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New York
New York
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New York
New York
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New York
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New York
New York
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New York
New York
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New York
New York
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New York
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New York
New York
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New York
New York
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New York
New York
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North Carolina
North Carolina
Didn't Vote
North Carolina
North Carolina
Yes
North Carolina
North Carolina
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North Carolina
North Carolina
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North Carolina
North Carolina
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North Carolina
North Carolina
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North Carolina
North Carolina
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North Carolina
North Carolina
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North Carolina
North Carolina
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North Carolina
North Carolina
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North Carolina
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North Carolina
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North Carolina
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North Dakota
North Dakota
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Ohio
Ohio
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Ohio
Ohio
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Ohio
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Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Ohio
Didn't Vote
Ohio
Ohio
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Ohio
Ohio
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Ohio
Ohio
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Oklahoma
Oklahoma
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Oklahoma
Oklahoma
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Oklahoma
Oklahoma
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Oklahoma
Oklahoma
No
Oklahoma
Oklahoma
Yes
Oregon
Oregon
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Oregon
Oregon
Yes
Oregon
Oregon
Yes
Oregon
Oregon
Yes
Oregon
Oregon
Yes
Pennsylvania
Pennsylvania
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Pennsylvania
Pennsylvania
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Pennsylvania
Pennsylvania
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Pennsylvania
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Pennsylvania
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Rhode Island
Rhode Island
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Rhode Island
Rhode Island
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South Carolina
South Carolina
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South Carolina
South Carolina
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South Carolina
South Carolina
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South Carolina
South Carolina
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South Carolina
South Carolina
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South Carolina
South Carolina
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South Carolina
South Carolina
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South Dakota
South Dakota
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Tennessee
Tennessee
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Tennessee
Tennessee
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Tennessee
Tennessee
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Tennessee
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Tennessee
Tennessee
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Tennessee
Tennessee
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Tennessee
Tennessee
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Texas
Texas
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Texas
Texas
Didn't Vote
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Texas
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Texas
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Texas
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Texas
Texas
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Texas
Texas
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Texas
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Texas
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Texas
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Texas
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Texas
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Texas
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Texas
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Texas
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Texas
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Texas
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Texas
Texas
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Texas
Texas
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Texas
Texas
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Texas
Texas
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Texas
Texas
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Utah
Utah
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Utah
Utah
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Utah
Utah
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Utah
Utah
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Vermont
Vermont
Yes
Virginia
Virginia
No
Virginia
Virginia
Yes
Virginia
Virginia
No
Virginia
Virginia
Yes
Virginia
Virginia
Didn't Vote
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
Yes
Virginia
Virginia
No
Virginia
Virginia
No
Virginia
Virginia
Yes
Washington
Washington
No
Washington
Washington
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Washington
Washington
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Washington
Washington
Yes
Washington
Washington
No
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
Yes
Washington
Washington
No
West Virginia
West Virginia
No
West Virginia
West Virginia
No
West Virginia
West Virginia
No
Wisconsin
Wisconsin
No
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
No
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
No
Wisconsin
Wisconsin
Yes
Wisconsin
Wisconsin
No
Wyoming
Wyoming
Summary
SEC Disclosure Effectiveness Testing Act
This bill requires the Securities and Exchange Commission (SEC) to assess the usefulness of certain disclosure rules to retail investors. Specifically, the SEC must make these assessments regarding both current and new securities rules and regulations that require the disclosure of documents or information to retail investors.
October 21, 2019
October 17, 2019
June 20, 2019
March 18, 2019
Amendments (4)
Oct 17, 2019
Agreed to in House
1
Sponsorship
House Amendment 630
An amendment numbered 4 printed in Part B of House Report 116-237 to clarify that the term retail investor does not mean an institutional investor.
Agreed To
Oct 17, 2019
Not Agreed to in House
1
Sponsorship
House Amendment 629
Amendment sought to apply the bill's investor testing requirements only to applicable disclosure documents developed after January 21, 2021.
Active
Oct 17, 2019
Agreed to in House
1
Sponsorship
House Amendment 628
Amendment requires the SEC to include a specific consideration of the unique challenges senior investors face as part of their overall investor testing.
Agreed To
Oct 17, 2019
Not Agreed to in House
1
Sponsorship
House Amendment 627
Amendment sought to exempt Form CRS, a disclosure document from the bill's investor testing requirements.
Active
Sort by most recent
10/21/2019
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
10/17/2019
The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 1815.
10/17/2019
Motion to reconsider laid on the table Agreed to without objection.
10/17/2019
On passage Passed by the Yeas and Nays: 229 - 186 (Roll no. 564).
10/17/2019
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 229 - 186 (Roll no. 564).
10/17/2019
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
10/17/2019
The previous question was ordered pursuant to the rule.
10/17/2019
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1815.
10/17/2019
DEBATE - Pursuant to the provisions of H.Res. 629, the Committee of the Whole proceeded with 10 minutes of debate on the Casten (IL) amendment No. 4.
10/17/2019
POSTPONED PROCEEDINGS - At the conclusion of debate on the Wagner amendment, the Chair put the question on the amendment and by voice vote, announced that the noes had prevailed. Mrs. Wagner demanded a recorded vote and the Chair postponed further proceedings on agreeing to the amendment until a time to be announced.
10/17/2019
DEBATE - Pursuant to the provisions of H.Res. 629, the Committee of the Whole proceeded with 10 minutes of debate on the Wagner amendment No. 3.
10/17/2019
POSTPONED PROCEEDINGS - At the conclusion of debate on the Gottheimer amendment, the Chair put the question on the amendment and by voice vote, announced that the ayes had prevailed. Mr. Gottheimer demanded a recorded vote and the Chair postponed further proceedings on agreeing to the amendment until a time to be announced.
10/17/2019
DEBATE - Pursuant to the provisions of H.Res. 629, the Committee of the Whole proceeded with 10 minutes of debate on the Gottheimer amendment No. 2.
10/17/2019
POSTPONED PROCEEDINGS - At the conclusion of debate on the Huizenga amendment, the Chair put the question on the amendment and by voice vote, announced that the noes had prevailed. Mr. Huizenga demanded a recorded vote and the Chair postponed further proceedings on agreeing to the amendment until a time to be announced.
10/17/2019
DEBATE - Pursuant to the provisions of H.Res. 629, the Committee of the Whole proceeded with 10 minutes of debate on the Huizenga amendment No. 1.
10/17/2019
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1815.
10/17/2019
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 629 and Rule XVIII.
10/17/2019
The Speaker designated the Honorable James R. Langevin to act as Chairman of the Committee.
10/17/2019
Rule provides for consideration of H.R. 1815 and H.R. 3624 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.
10/17/2019
Considered under the provisions of rule H. Res. 629. (consideration: CR H8209-8224; text: CR H8215-8216)
10/15/2019
Rules Committee Resolution H. Res. 629 Reported to House. Rule provides for consideration of H.R. 1815 and H.R. 3624 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order.
06/20/2019
Placed on the Union Calendar, Calendar No. 91.
06/20/2019
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-123.
03/28/2019
Ordered to be Reported (Amended) by the Yeas and Nays: 33 - 26.
03/28/2019
Committee Consideration and Mark-up Session Held.
03/27/2019
Committee Consideration and Mark-up Session Held.
03/26/2019
Committee Consideration and Mark-up Session Held.
03/18/2019
Referred to the House Committee on Financial Services.
03/18/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 6:02:32 PM