To amend the Investment Advisers Act of 1940 and to direct the Securities and Exchange Commission to amend its rules to modernize certain requirements relating to investment advisers, and for other purposes.
The bill’s titles are written by its sponsor.
Sponsor and status
Sponsor. Representative for Virginia's 5th congressional district. Republican.
Last Updated: Sep 12, 2016
Length: 8 pages
114th Congress, 2015–2017
This bill was introduced in a previous session of Congress and was passed by the House on September 9, 2016 but was never passed by the Senate.
What legislators are saying
“Hultgren Promotes Legislation to Increase Job-Creating Investment in Illinois”
— Rep. Randy Hultgren [R-IL14, 2011-2018] (Co-sponsor) on Sep 9, 2016
H.R. 5424 (114th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
This bill was introduced in the 114th Congress, which met from Jan 6, 2015 to Jan 3, 2017. Legislation not enacted by the end of a Congress is cleared from the books.
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GovTrack.us. (2020). H.R. 5424 — 114th Congress: Investment Advisers Modernization Act of 2016. Retrieved from https://www.govtrack.us/congress/bills/114/hr5424
“H.R. 5424 — 114th Congress: Investment Advisers Modernization Act of 2016.” www.GovTrack.us. 2016. April 8, 2020 <https://www.govtrack.us/congress/bills/114/hr5424>
Investment Advisers Modernization Act of 2016, H.R. 5424, 114th Cong..
|title=H.R. 5424 (114th)
|accessdate=April 8, 2020
|author=114th Congress (2016)
|date=June 9, 2016
|quote=Investment Advisers Modernization Act of 2016
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