H.R. 2225 (112th): To amend the Investment Advisers Act of 1940 to add a definition of family office.

Introduced:
Jun 16, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Jeb Hensarling [R-TX5]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on June 16, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Jun 16, 2011
Referred to Committee Jun 16, 2011
Cosponsors
6 cosponsors (5R, 1D) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Summary

No summaries available.

Text

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Last updated Jun 16, 2011.
10 pages

Primary Source

View on THOMAS (The Library of Congress)

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

6/16/2011--Introduced.
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.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)

  • Title 15: COMMERCE AND TRADE
  • Chapter 2D: INVESTMENT COMPANIES AND ADVISERS
  • Subchapter II: INVESTMENT ADVISERS
  • Section 80b-2: Definitions