United StatesHouse Bill 2799HR 2799

Expanding Access to Capital Act of 2023

house
senate
president

Introduced April 24, 2023 by Patrick T. McHenry · Last progress 1 year ago

House Votes

212 Yea · 15 Not Voting · 205 No — 209 needed

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Senate Votes

Received

March 11, 2024 (1 year ago)

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Presidential Signature

Signature Data Not Available

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Amendments

HAMDT 857March 8, 2024An amendment numbered 7 printed in Part B of House Report 118-407 to ensure that exemptions or benefits provided by the bill may only apply to companies that do not impose "junk fees" on customers.

HAMDT 859March 8, 2024An amendment numbered 9 printed in Part B of House Report 118-407 to require any investment adviser, private fund, or an investment company that is subject to the bill to annually and publicly disclose their investments into women-owned, minority-owned, veteran-owned, rural-domiciled, and other businesses.

HAMDT 856March 8, 2024An amendment numbered 6 printed in Part B of House Report 118-407 to require the Advocate for Small Business Capital Formation to include in its report the effects of the failure of Silicon Valley Bank on community banks and small business lending.

HAMDT 858March 8, 2024An amendment numbered 8 printed in Part B of House Report 118-407 to provide that the bill may take effect only when the Securities and Exchange Commission, in consultation with State securities regulators, certifies to Congress that nothing in the bill will increase fraud.

HAMDT 855March 6, 2024An amendment numbered 5 printed in Part B of House Report 118-407 to allow an individual to invest not more than 5 percent of the net worth of the individual excluding the individual's primary residence in any one private offering. To limit the aggregate investment of the individual in private offerings to 25 percent of the net worth of the individual excluding the individual's primary residence.

HAMDT 851March 6, 2024An amendment numbered 1 printed in Part B of House Report 118-407 to clarify the definition of "general solicitation" and "angel investor" for purposes of the federal securities laws to ensure that startups can discuss their products and business plans at certain events, known as "demo days.".

HAMDT 853March 6, 2024An amendment numbered 3 printed in Part B of House Report 118-407 to amend Federal securities laws to allow 403(b) plans to invest in collective investment trusts (CITs) and insurance contracts that currently may be invested in by comparable retirement plans, such as 401(k)s.

HAMDT 854March 6, 2024An amendment numbered 4 printed in Part B of House Report 118-407 to allow a closed-end investment company, an entity that invests in securities using money raised in its initial public offering, to invest its assets in securities issued by private funds.

HAMDT 852March 6, 2024An amendment numbered 2 printed in Part B of House Report 118-407 to direct the Securities and Exchange Commission to promulgate rules with respect to the electronic delivery of certain required disclosures to investors.

Text Versions

Expanding Access to Capital Act of 2023

House Votes

Senate Votes

Presidential Signature

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AI Summary

Text Versions

Amendments

Sponsors

Amendments

AI Summary

Expanding Access to Capital Act of 2023

House Votes

Senate Votes

Presidential Signature