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HR 1408 107th Congress House Finance and Financial Sector Administrative fees Auditing Bank examination Bank fraud Bank records Brokers Business records Civil Rights and Liberties, Minority Issues Commerce Computer networks Computers and government Confidential communications Congress Congressional investigations Congressional reporting requirements Consumer complaints Consumer education Cost effectiveness Credit unions

Financial Services Antifraud Network Act of 2001

Introduced: April 4, 2001 See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 35 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 7, 2001
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 6, 2001
Motion to reconsider laid on the table Agreed to without objection.
Nov 6, 2001
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 392 - 4 (Roll no. 427). (text: CR H7732-7741)
Nov 6, 2001
Considered as unfinished business. (consideration: CR H7780-7781)
Nov 6, 2001
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Nov 6, 2001
DEBATE - The House proceeded with forty minutes of debate on H.R. 1408.
Nov 6, 2001
Considered under suspension of the rules. (consideration: CR H7732-7745)
Nov 6, 2001
Mr. Bachus moved to suspend the rules and pass the bill, as amended.
Oct 16, 2001
Placed on the Union Calendar, Calendar No. 144.
Oct 16, 2001
Reported (Amended) by the Committee on Judiciary. H. Rept. 107-192, Part II.
Oct 12, 2001
House Committee on Judiciary Granted an extension for further consideration ending not later than Oct. 16, 2001.
Oct 10, 2001
Ordered to be Reported (Amended) by Voice Vote.
Oct 10, 2001
Committee Consideration and Mark-up Session Held.
Oct 9, 2001
Subcommittee on Crime Discharged.
Oct 5, 2001
House Committee on Judiciary Granted an extension for further consideration ending not later than Oct. 12, 2001.
Sep 14, 2001
House Committee on Judiciary Granted an extension for further consideration ending not later than Oct. 5, 2001.
Aug 2, 2001
Committee on Agriculture discharged.
Aug 2, 2001
House Committee on Agriculture Granted an extension for further consideration ending not later than Aug. 2, 2001.
Aug 2, 2001
House Committee on Judiciary Granted an extension for further consideration ending not later than Sept. 14, 2001.
Aug 2, 2001
Reported (Amended) by the Committee on Financial Services. H. Rept. 107-192, Part I.
Jun 27, 2001
Ordered to be Reported (Amended) by Voice Vote.
Jun 27, 2001
Committee Consideration and Mark-up Session Held.
Jun 22, 2001
Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises Discharged.
Jun 14, 2001
The Subcommittee on Capitol Markets, Insurance and Government Sponsored Enterprises is granted an extension by the Chairman, ending not later than June 22 2001.
Jun 13, 2001
Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 20 - 1.
Jun 13, 2001
Subcommittee Consideration and Mark-up Session Held.
May 9, 2001
Subcommittee Consideration and Mark-up Session Held.
Apr 30, 2001
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Apr 30, 2001
Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Apr 19, 2001
Referred to the Subcommittee on Crime.
Apr 13, 2001
Referred to the Subcommittee on Farm Commodities and Risk Management.
Apr 13, 2001
Referred to the Subcommittee on Conservation, Credit, Rural Development and Research.
Apr 5, 2001
Sponsor introductory remarks on measure. (CR E577)
Apr 4, 2001
Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Apr 4, 2001
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Nov 6, 2001 House · vote #427 On Motion to Suspend the Rules and Pass, as Amended Passed 392–4 See who voted →
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 Plain-English summary Congressional Research Service
Financial Services Antifraud Network Act of 2001 - Establishes the Antifraud Subcommittee within the President's Working Group on Financial Markets to coordinate access to: (1) antifraud databases of various regulators by designated Subcommittee participants; (2) information-sharing among State, Federal, and international financial regulators and law enforcement agencies; and (3) to promote greater cross-industry efficiency, effectiveness, and coordination across all sectors of the Nation's financial markets.

Amends the Investment Advisers Act of 1940 to authorize the Securities and Exchange Commission (SEC) to require that an investment adviser file required documentation through any entity designated by the SEC for that purpose. Mandates that such entity establish a toll-free telephone or readily accessible electronic process to receive and respond promptly to inquiries regarding disciplinary actions and information involving investment advisers.

Amends the Securities Exchange Act of 1934 to: (1) require a registered securities association to establish a toll-free telephone or readily accessible electronic process to receive and respond promptly to inquiries regarding disciplinary actions and information involving its members; and (2) revise SEC disciplinary procedures governing municipal securities broker/dealers and government securities broker/dealers.

Amends the Investment Advisers Act of 1940 to extend SEC authority to deny or revoke investment adviser registration to include denial or revocation based on State and other governmental administrative actions derived from the authority conferred upon the financial regulators designated under this Act.

What's happening now November 7, 2001

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

 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 9
 Cosponsors 1
All 1 Democratic 1
D
Sherman, Brad
California · Apr 25, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1408: Financial Services Antifraud Network Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1408/
MLA
"H.R. 1408: Financial Services Antifraud Network Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1408/.
Bluebook (legal)
H.R. 1408, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1408/.
Markdown link
[H.R. 1408: Financial Services Antifraud Network Act of 2001](https://openamerica.io/bill/107-HR-1408/)
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