H.R. 1815 - 116th Congress (2019-2020) - 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.

Text (4)

Referred in Senate

October 21, 2019

Engrossed in House

October 17, 2019

Reported in House

June 20, 2019

Introduced in House

March 18, 2019

Amendments (4)

Oct 17, 2019

Agreed to in House

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

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

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

Sponsorship

House Amendment 627

Amendment sought to exempt Form CRS, a disclosure document from the bill's investor testing requirements.

Active

Actions (29)

Show Only Major Actions

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