Skip to main content
S 3717 111th Congress Senate Finance and Financial Sector Business records Financial services and investments Freedom of information Government information and archives Securities

A bill to amend the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to provide for certain disclosures under section 552 of title 5, United States Code, (commonly referred to as the Freedom of Information Act), and for other purposes.

Introduced: August 5, 2010 See on congress.gov
 Everywhere this bill has been 21 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 5, 2010
Became Public Law No: 111-257.
Oct 5, 2010
Signed by President.
Sep 24, 2010
Presented to President.
Sep 23, 2010
Cleared for White House.
Sep 23, 2010
Motion to reconsider laid on the table Agreed to without objection.
Sep 23, 2010
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H6952)
Sep 23, 2010
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H6952)
Sep 23, 2010
DEBATE - The House proceeded with forty minutes of debate on S. 3717.
Sep 23, 2010
Considered under suspension of the rules. (consideration: CR H6952-6955)
Sep 23, 2010
Mr. Frank (MA) moved to suspend the rules and pass the bill.
Sep 22, 2010
Held at the desk.
Sep 22, 2010
Received in the House.
Sep 22, 2010
Message on Senate action sent to the House.
Sep 21, 2010
Passed Senate without amendment by Unanimous Consent. (consideration: CR S7298-7299; text as passed Senate: CR S7299)
Sep 21, 2010
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S7298-7299; text as passed Senate: CR S7299)
Sep 16, 2010
Placed on Senate Legislative Calendar under General Orders. Calendar No. 567.
Sep 16, 2010
Committee on the Judiciary. Reported by Senator Leahy without amendment. Without written report.
Sep 16, 2010
Committee on the Judiciary. Ordered to be reported without amendment favorably.
Aug 5, 2010
Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S6889)
Aug 5, 2010
Sponsor introductory remarks on measure. (CR S6889, S6889-6890)
Aug 5, 2010
Introduced in Senate
 Plain-English summary Congressional Research Service

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Amends the Securities Exchange Act of 1934 to repeal the prohibition of the Dodd-Frank Wall Street Reform and Consumer Protection Act against compelling the Securities and Exchange Commission (SEC) to disclose records or information obtained from registered persons pursuant to its regulatory or oversight activities.

Declares that for purposes of the Freedom of Information Act (FOIA): (1) the SEC is an agency responsible for the regulation or supervision of financial institutions; and (2) any entity for which the SEC is the responsible regulator, supervisor, or examiner under such Act is a financial institution. (Thus retains the general exemption from FOIA of matters contained in or related to examination, operating, or condition reports prepared by, on behalf of, or for the use of the SEC and any other agency responsible for the regulation or supervision of financial institutions.)

Amends the Investment Company Act and the Investment Advisers Act to repeal similar prohibitions against compelling the SEC to disclose records or information provided to it by a registered investment company or investment adviser, or an underwriter, broker, dealer, or investment adviser that is a majority-owned subsidiary of such a company, for SEC use in furtherance of certain purposes, including surveillance, risk assessments, or other regulatory and oversight activities.

What's happening now October 5, 2010

Became Public Law No: 111-257.

 Committees of jurisdiction 1