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HR 2550 111th Congress House Finance and Financial Sector Administrative law and regulatory procedures Financial services and investments Licensing and registrations Securities Securities and Exchange Commission (SEC)

Municipal Advisers Regulation Act

Introduced: May 21, 2009 See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 21, 2009
Referred to the House Committee on Financial Services.
May 21, 2009
Introduced in House
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 Plain-English summary Congressional Research Service

Municipal Advisers Regulation Act - Amends the Securities Exchange Act of 1934 to make it unlawful for a person not associated with a municipal financial adviser to make use of the mails or means of interstate commerce to act as a municipal financial adviser unless such person is registered with the Securities and Exchange Commission (SEC) as a municipal financial adviser in accordance with this Act.

Defines "municipal financial adviser" as a person who, for compensation, engages in the business of: (1) providing advice to a municipal securities issuer with respect to issuance of securities, investment of proceeds from such securities, the hedging of risks associated with such securities, or preparation of disclosure documents; (2) assisting a municipal securities issuer in selecting or negotiating guaranteed investment contracts or other investment products; or (3) assisting a municipal securities issuer in the primary offering of securities not involving a public offering.

Provides requirements concerning sanctions (including revocation of registration), fair practices, compliance with standards of operational capability, and the fiduciary duty of such an adviser.

What's happening now May 21, 2009

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Cleaver, Emanuel
Missouri · May 21, 2009
 D
Green, Al
Texas · May 21, 2009
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2550: Municipal Advisers Regulation Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-2550/
MLA
"H.R. 2550: Municipal Advisers Regulation Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-2550/.
Bluebook (legal)
H.R. 2550, 111th Cong. (2026), https://openamerica.io/bill/111-HR-2550/.
Markdown link
[H.R. 2550: Municipal Advisers Regulation Act](https://openamerica.io/bill/111-HR-2550/)
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