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HJRES 119 118th Congress House Finance and Financial Sector

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Private Fund Advisers…

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Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews".

Introduced: March 21, 2024 See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Mar 21, 2024
Referred to the House Committee on Financial Services.
Mar 21, 2024
Introduced in House
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 Plain-English summary Congressional Research Service

This joint resolution nullifies the final rule issued by the Securities and Exchange Commission (SEC) titled Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews and published on September 14, 2023. The rule requires SEC-registered advisers to private funds to disclose information to investors regarding compensation, sales practices, and conflicts of interest. It also requires SEC-registered advisers to give investors independent fairness opinions and valuation opinions when initiating certain private fund transactions.

What's happening now March 21, 2024

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Republican 3
R
Hill, J. French
Arkansas · Mar 21, 2024
 R
Meuser, Daniel
Pennsylvania · Mar 21, 2024
 R
Ogles, Andrew
Tennessee · Mar 21, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). H.J. Res. 119: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews".. 118th Congress. Open America. https://openamerica.io/bill/118-HJRES-119/
MLA
"H.J. Res. 119: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews".." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HJRES-119/.
Bluebook (legal)
H.J. Res. 119, 118th Cong. (2026), https://openamerica.io/bill/118-HJRES-119/.
Markdown link
[H.J. Res. 119: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Securities and Exchange Commission relating to "Private Fund Advisers; Documentation of Registered Investment Adviser Compliance Reviews".](https://openamerica.io/bill/118-HJRES-119/)
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