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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.


The text of the bill below is as of May 15, 2013 (Reported by House Committee).


IB

Union Calendar No. 36

113th CONGRESS

1st Session

H. R. 701

[Report No. 113–58]

IN THE HOUSE OF REPRESENTATIVES

February 14, 2013

(for himself, Mr. Schweikert, Ms. Eshoo, Mr. Garrett, and Mr. David Scott of Georgia) introduced the following bill; which was referred to the Committee on Financial Services

May 15, 2013

Additional sponsors: Mr. Collins of New York and Mr. Fitzpatrick

May 15, 2013

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed


A BILL

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 by striking The Commission and inserting Not later than October 31, 2013, the Commission .

May 15, 2013

Committed to the Committee of the Whole House on the State of the Union and ordered to be printed