HR 2225
112th Congress
House
Finance and Financial Sector
Banking and financial institutions regulation
Family relationships
Financial services and investments
To amend the Investment Advisers Act of 1940 to add a definition of family office.
Introduced: June 16, 2011
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 19, 2011
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Jun 16, 2011
Referred to the House Committee on Financial Services.
Jun 16, 2011
Introduced in House
Plain-English summary
Amends the Investment Advisers Act of 1940 to define "family office" (exempt from coverage by the Act) as a company (including any director, partner, trustee, or employee of such company, when acting in their respective capacities as such) that has no clients other than family clients and is owned, controlled, or operated primarily for the benefit of family clients and does not hold itself out to the public as an investment adviser.
What's happening now
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Committees of jurisdiction
2
Cosponsors
1