HR 4792 114th Congress House Finance and Financial Sector Administrative law and regulatory procedures Congressional oversight Government information and archives Mining Oil and gas Securities Securities and Exchange Commission (SEC)

To update the oil and gas and mining industry guides of the Securities and Exchange Commission.

Introduced: March 17, 2016 See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 17, 2016

Referred to the House Committee on Financial Services.

Mar 17, 2016

Introduced in House

Plain-English summary Congressional Research Service

This bill directs the Securities and Exchange Commission (SEC), within 180 days of enactment of this bill, to update:

the Securities Act industry guides entitled "Prospectuses relating to interests in oil and gas programs" and "Description of Property by Issuers Engaged or To Be Engaged in Significant Mining Operations,"
the Exchange Act industry guide entitled "Description of Property by Issuers Engaged or To Be Engaged in Significant Mining Operations," and
regulations concerning disclosure by registrants engaged in oil and gas producing activities.

In making such updates, the SEC shall work with the Investor Advisory Committee, which shall solicit and consider public input or appropriate disclosures to include and make specific recommendations to the SEC.

If the SEC fails to meet the deadline, it must report to and testify before specified congressional committees explaining why it failed to meet it.

What's happening now March 17, 2016

Referred to the House Committee on Financial Services.

Committees of jurisdiction 1