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HR 6204 112th Congress House

Investment Adviser Examination Improvement Act of 2012

Official title: To amend the Investment Advisers Act of 1940 to require certain investment advisers to pay fees to help cover the costs of inspecting and examining investment advisers under such Act.

Introduced: July 25, 2012 Introduced by: Waters, Maxine Democratic · California See on congress.gov
Finance and Financial Sector Accounting and auditingBanking and financial institutions regulationCongressional oversightFinancial services and investments
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 1, 2012
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Jul 25, 2012
Referred to the House Committee on Financial Services.
Jul 25, 2012
Introduced in House
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 Latest action October 1, 2012

Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

 Plain-English summary Congressional Research Service

Investment Adviser Examination Improvement Act of 2012 - Declares the sense of Congress that the Securities and Exchange Commission (SEC) should increase the number and frequency of examinations of investment advisers.

Amends the Investment Advisers Act of 1940 to direct the SEC to collect an annual fee from investment advisers subject to SEC inspection or examination to defray the cost of such inspections and examinations. Exempts certain state-regulated investment advisers from the requirement to pay an annual fee.

Prescribes a fee calculation formula. Requires the SEC to make the formula publicly available on its website along with the factors used to reach the fee determination.

Requires the Comptroller General to audit biennially the use of such fees, SEC reviews of the fee formula, and any adjustments to it.

Makes such fees available to the SEC, without further appropriation or fiscal year limitation, to pay costs associated with inspecting and examining investment advisers.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 6204: Investment Adviser Examination Improvement Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-6204/
MLA
"H.R. 6204: Investment Adviser Examination Improvement Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-6204/.
Bluebook (legal)
H.R. 6204, 112th Cong. (2026), https://openamerica.io/bill/112-HR-6204/.
Markdown link
[H.R. 6204: Investment Adviser Examination Improvement Act of 2012](https://openamerica.io/bill/112-HR-6204/)
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