H.R. 2374 - Retail Investor Protection Act

Bill Text

    Text of Rules Committee Print 113-23 PDF XML

    Showing the text of H.R. 2374 as ordered reported by the Committee on Financial Services

    Text of H.R. 2374 PDF XML

    Retail Investor Protection Act (as introduced)

    Text of H. Rept. 113-228 Part 1 PDF

    Report from the Committee on Financial Services

    Text of H. Rept. 113-228 Part 2 PDF

    Supplemental report from the Committee on Financial Services

Rule Information

COMMITTEE ACTION:
REPORTED BY VOICE VOTE, after agreeing to the amendment offered by Ms. Slaughter to change the debate time of the amendment printed in the Rules Committee report to 20 minutes by voice vote, on Monday, October 28, 2013.

FLOOR ACTION ON H. RES. 391: 
AGREED TO by record vote of 230-188, after agreeing to the previous question by record vote of 226-193, on Tuesday, October 29, 2014.  

MANAGERS: Sessions/Polis

1. Closed rule for H.R. 992.

2. Provides one hour of debate equally divided among and controlled by the chairs and ranking minority members of the Committee on Agriculture and the Committee on Financial Services.

3. Waives all points of order against consideration of the bill and provides that it shall be considered as read.

4. Waives all points of order against provisions in the bill.

5. Provides one motion to recommit.

6. Section 2 provides a structured rule for H.R. 2374.

7. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.

8. Waives all points of order against consideration of the bill.

9. Provides that an amendment in the nature of a substitute consisting of the text of Rules Committee Print 113-23 shall be considered as adopted and the bill, as amended, shall be considered as read.

10. Waives all points of order against provisions in the bill, as amended.

11. Makes in order only the further amendment printed in the Rules Committee report, if offered by Representative George Miller of California or his designee, which shall be considered as read, shall be separately debatable for 20 minutes equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question.

12. Waives all points of order against the amendment printed in the report.

13. Provides one motion to recommit with or without instructions.

14. Section 3 provides that a motion to proceed with regard to a joint resolution of disapproval specified in section 1002 of the Continuing Appropriations Act, 2014, may be offered even if the joint resolution has not been reported or discharged, shall be in order only on the legislative day of October 29, 2013 or the legislative day of October 30, 2013, and shall be debatable for one hour equally divided and controlled by the proponent and an opponent.

15. Section 4 provides that on any legislative day during the period from October 31, 2013, through November 11, 2013: the Journal of the proceedings of the previous day shall be considered as approved; and the Chair may at any time declare the House adjourned to meet at a date and time to be announced by the Chair in declaring the adjournment.

16. Section 5 provides that the Speaker may appoint Members to perform the duties of the Chair for the duration of the period addressed by section 4 of the resolution.

Amendments (click headers to sort)

#Version Sponsor(sPartySummaryStatus
3Version 2Conyers (MI)DemocratWITHDRAWN Substitute Revised Requires a study of the effect of current investment industry practices on the standard of care provided to investors by persons providing investment advice, including effect on low-income investors.Withdrawn
4Version 1Guthrie (KY)RepublicanWITHDRAWN Late Modifies the definition of fiduciary under the Employee Retirement Income Security Act of 1974 to exclude appraisers of employee stock ownership plans.Withdrawn
2Version 1Meng (NY)DemocratAffirms that nothing in the Retail Investor Protection Act shall prohibit the SEC from issuing a rule requiring of publicly-traded corporations certain, limited disclosures of political expenditures.Submitted
1Version 2Miller, George (CA), Conyers (MI)DemocratRevised Authorizes the Department of Labor to issue a fiduciary duty rule that protects access to investment education and advice and assures the availability of reasonable compensation to financial service providers. Requires a study of the effect of current investment industry practices on the standard of care provided to investors by persons providing investment advice, including the effect on low-income investors. Made In Order