Investment Advisers Act Amendments

Summary

Investment Advisers Act Amendments - Authorizes the Securities and Exchange Commission to establish standards for investment advisers and their associated persons with respect to training, experience, competence, and such other qualifications as the Commission finds necessary or appropriate in the public interest or for the protection of investors. Provides that the Commission may require persons in any class of investment adviser to pass prescribed tests. Allows the Commission to promulgate rules and regulations to safeguard the public interest and to protect investors with respect to the financial responsibility of investment advisers. Authorizes the Commission to defray the costs of carrying out the requirements of this Act by prescribing reasonable fees and charges. Empowers the Commission to create advisory committees, employ experts, and hold public hearings. Requires the Commission to report to Congress within 18 months from enactment with recommendations for legislation.

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Timeline

1. 1 April 1976

   Introduced

   Referred to House Committee on Interstate and Foreign Commerce.

   Source: IntroReferral

2. 1 April 1976

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 April 1976

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 1 April 1976

  Open at official source

Sponsors

• Rep. Staggers, Harley O. [D-WV-2] · D · Sponsor
• Rep. Murphy, John M. [D-NY-17] · D · Cosponsor
• · hsif00 · Standing

Related records

• related to ← Investment Advisers Act Amendments
• related to ← Investment Advisers Act Amendments