An amendment numbered 1 printed in Part B of House Report 119-399 to strike section 307 relating to enhancing multi-class share disclosures.
On agreeing to the Self amendment (A001) Failed by recorded vote: 54 - 374 (Roll no. 325). (consideration: CR H5790-5791)
An amendment numbered 2 printed in Part B of House Report 119-399 to modify section 105 to clarify that the subsection may not be construed to authorize expenditures for additional full-time equivalent employees.
On agreeing to the Self amendment (A002) Agreed to by voice vote.
An amendment numbered 3 printed in Part B of House Report 119-399 to require investment advisers and hedge funds to perform know-your-customer verification and implement anti-money laundering procedures for foreign clients.
On agreeing to the Waters amendment (A003) Failed by recorded vote: 211 - 219 (Roll no. 326). (consideration: CR H5791)
An amendment numbered 4 printed in Part B of House Report 119-399 to provide additional transparency and accountability for entities making exempt offerings under Regulation D via additional disclosure requirements on Form Ds.
On agreeing to the Waters amendment (A004) Failed by voice vote.
An amendment numbered 5 printed in Part B of House Report 119-399 to define and prohibit fees charged by SEC-registered individuals and entities that are not clearly disclosed or proportional to the services provided.
On agreeing to the Waters amendment (A005) Failed by recorded vote: 214 - 215 (Roll no. 327). (consideration: CR H5792)
This bill affects "closed-end funds," which are investment funds that pool money from many investors and trade a fixed number of shares on the stock market, similar to how stocks are traded. Right now, if these funds want to invest heavily in private investment funds (funds not sold to the general public and less regulated), the Securities and Exchange Commission—the government agency that oversees stock markets and investment products—can restrict how those funds sell or list their shares. Under this bill, the SEC would no longer be able to impose those restrictions, making it easier for closed-end funds, including a type called business development companies (funds that invest in and support small or growing businesses), to put more money into these private investment funds and still be freely bought, sold, and listed on exchanges.