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H.R. 701 (113th): To amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action.

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The text of the bill below is as of May 16, 2013 (Referred to Senate Committee). The bill was not enacted into law.

IIB

113th CONGRESS

1st Session

H. R. 701

IN THE SENATE OF THE UNITED STATES

May 16, 2013

Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs

AN ACT

To amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action.

1.

Rulemaking deadline for exempting certain securities

Section 3(b)(2) of the Securities Act of 1933 (15 U.S.C. 77c(b)(2)) is amended in the matter preceding subparagraph (A) by striking The Commission and inserting Not later than October 31, 2013, the Commission.

Passed the House of Representatives May 15, 2013.

Karen L. Haas,

Clerk.