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H.R. 4620 (117th): To amend the Investment Advisers Act of 1940 to limit the exemption provided for family offices from the definition of an investment adviser, and for other purposes.

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Sponsor and status

Photo of sponsor Alexandria Ocasio-Cortez

Alexandria Ocasio-Cortez

Sponsor. Representative for New York's 14th congressional district. Democrat.

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Last Updated: Jul 22, 2021
Length: 4 pages
Introduced
Jul 22, 2021
117th Congress (2021–2023)
Status
Died in a previous Congress

This bill was introduced on July 29, 2021, in a previous session of Congress, but it did not receive a vote.

Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).

Cosponsors

1 Cosponsor (1 Democrat)

Source
Congress.gov

Position statements

What stakeholders are saying

R Street Institute SpendingTracker.org estimates new spending due to H.R. 4620 will be negligible.

History

Jul 22, 2021
 
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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Jul 28, 2021
 
Considered by House Committee on Financial Services

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

Jul 29, 2021
 
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.

H.R. 4620 (117th) 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.

Bills numbers restart every two years. That means there are other bills with the number H.R. 4620. This is the one from the 117th Congress.

This bill was introduced in the 117th Congress, which met from Jan 3, 2021 to Jan 3, 2023. Legislation not passed by the end of a Congress is cleared from the books.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 4620 — 117th Congress: To amend the Investment Advisers Act of 1940 to limit the exemption provided for family ….” www.GovTrack.us. 2021. March 24, 2023 <https://www.govtrack.us/congress/bills/117/hr4620>

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.