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H.R. 4279: Expanding Investment Opportunities Act

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About the bill

Source: Republican Policy Committee

H.R. 4279 directs the Securities and Exchange Commission (SEC) to amend its rules to enable closed-end funds that meet certain requirements to be considered “well-known seasoned issuers” (WKSIs) and to conform the filing and offering regulations for closed-end funds to those of traditional operating companies—which will simplify the registration process and enable these funds to more easily provide information to investors.

Closed-end funds are types of investment companies whose shares are listed on a stock exchange or are traded in the over-the-counter market. A registered closed-end fund is ...

Sponsor and status

Photo of sponsor Trey Hollingsworth

Trey Hollingsworth

Sponsor. Representative for Indiana's 9th congressional district. Republican.

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Last Updated: Jan 18, 2018
Length: 4 pages
Introduced:

Nov 7, 2017

Status:

Passed House (Senate next) on Jan 17, 2018

This bill passed in the House on January 17, 2018 and goes to the Senate next for consideration.

Prognosis:

25% chance of being enacted according to Skopos Labs (details)

History

Nov 7, 2017
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

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Nov 14, 2017
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Nov 15, 2017
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

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Jan 16, 2018
 
Reported by House Committee on Financial Services

A committee issued a report on the bill, which often provides helpful explanatory background on the issue addressed by the bill and the bill's intentions.

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Jan 17, 2018
 
Passed House (Senate next)

The bill was passed in a vote in the House. It goes to the Senate next.

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Pending
 
Passed Senate

Pending
 
Signed by the President

H.R. 4279 is 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.

How to cite this information.

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“H.R. 4279 — 115th Congress: Expanding Investment Opportunities Act.” www.GovTrack.us. 2017. April 24, 2018 <https://www.govtrack.us/congress/bills/115/hr4279>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.