US S484

Bill

U.S. Territories Investor Protection Act of 2017

Introduced
03/01/2017

In Committee
03/09/2017

Crossed Over
09/12/2017

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

U.S. Territories Investor Protection Act of 2017 (Sec. 2) This bill amends the Investment Company Act of 1940 to apply the Act to investment companies created under the laws of Puerto Rico, the Virgin Islands, or any other U.S. possession.

AI Summary

This bill amends the Investment Company Act of 1940 to remove the exemption for investment companies created under the laws of Puerto Rico, the Virgin Islands, or any other U.S. possession. This means that such investment companies will now be subject to the same regulations as investment companies created in the mainland United States. The bill provides a three-year transition period for companies that were previously exempt, and allows the Securities and Exchange Commission to further extend this transition period by up to an additional three years if it determines such an extension is necessary to protect investors.

Committee Categories

Housing and Urban Affairs

Sponsors (4)

Bob Menendez (D)*, Catherine Cortez Masto (D), Orrin Hatch (R), Marco Rubio (R),

Last Action

Held at the desk. (on 09/12/2017)

Official Document

https://www.congress.gov/bill/115th-congress/senate-bill/484/all-info

(7 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/senate-bill/484/all-info
BillText	https://www.congress.gov/115/bills/s484/BILLS-115s484es.pdf
Bill	https://www.congress.gov/115/bills/s484/BILLS-115s484es.pdf.pdf
BillText	https://www.congress.gov/115/bills/s484/BILLS-115s484rs.pdf
Bill	https://www.congress.gov/115/bills/s484/BILLS-115s484rs.pdf.pdf
BillText	https://www.congress.gov/115/bills/s484/BILLS-115s484is.pdf
Bill	https://www.congress.gov/115/bills/s484/BILLS-115s484is.pdf.pdf

Bill	Bill Name	Last Action	Type
HR1366	U.S. Territories Investor Protection Act of 2017	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Same As
HR2429	Puerto Rico Task Force Economic Empowerment Act of 2017	Referred to the Subcommittee on Health.	Related
HR5975	Puerto Rico Economic Empowerment Act of 2018	Referred to the Committee on Ways and Means, and in addition to the Committees on Small Business, Financial Services, Oversight and Government Reform, and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
HRes905	Providing for consideration of the bill (H.B. 5515) to authorize appropriations for fiscal year 2019 for military activities of the Department of Defense and for military construction, to prescribe military personnel strengths for such fiscal year, and for other purposes; providing for consideration of the bill (S. 204) to authorize the use of unapproved medical products by patients diagnosed with a terminal illness in accordance with State law, and for other purposes; and providing for consider	Motion to reconsider laid on the table Agreed to without objection.	Similar To
S2155	Economic Growth, Regulatory Relief, and Consumer Protection Act	Became Public Law No: 115-174.	Related
S2873	Puerto Rico Economic Empowerment Act of 2018	Read twice and referred to the Committee on Finance.	Related
S3256	Puerto Rico Economic Empowerment Act of 2018	Read twice and referred to the Committee on Finance.	Related

Bill > S484

US S484

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary