Financial Services Antifraud Network Act of 2001

Summary

Financial Services Antifraud Network Act of 2001 - Establishes the Antifraud Subcommittee within the President's Working Group on Financial Markets to coordinate access to: (1) antifraud databases of various regulators by designated Subcommittee participants; (2) information-sharing among State, Federal, and international financial regulators and law enforcement agencies; and (3) to promote greater cross-industry efficiency, effectiveness, and coordination across all sectors of the Nation's financial markets. Amends the Investment Advisers Act of 1940 to authorize the Securities and Exchange Commission (SEC) to require that an investment adviser file required documentation through any entity designated by the SEC for that purpose. Mandates that such entity establish a toll-free telephone or readily accessible electronic process to receive and respond promptly to inquiries regarding disciplinary actions and information involving investment advisers. Amends the Securities Exchange Act of 1934 to: (1) require a registered securities association to establish a toll-free telephone or readily accessible electronic process to receive and respond promptly to inquiries regarding disciplinary actions and information involving its members; and (2) revise SEC disciplinary procedures governing municipal securities broker/dealers and government securities broker/dealers. Amends the Investment Advisers Act of 1940 to extend SEC authority to deny or revoke investment adviser registration to include denial or revocation based on State and other governmental administrative actions derived from the authority conferred upon the financial regulators designated under this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 4 April 2001

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Agriculture, 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.

   Source: IntroReferral

2. 4 April 2001

   Introduced

   Introduced in House

   Source: IntroReferral

3. 4 April 2001

   Introduced

   Introduced in House

   Source: IntroReferral

4. 4 April 2001

   Introduced

   Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Agriculture, 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.

   Source: IntroReferral

5. 5 April 2001

   Introduced

   Sponsor introductory remarks on measure. (CR E577)

   Source: IntroReferral

6. 13 April 2001

   Referred

   Referred to the Subcommittee on Conservation, Credit, Rural Development and Research.

   Source: Committee

7. 19 April 2001

   Referred

   Referred to the Subcommittee on Crime.

   Source: Committee

8. 30 April 2001

   Referred

   Referred to the Subcommittee on Financial Institutions and Consumer Credit.

   Source: Committee

9. 9 May 2001

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

10. 13 June 2001

    Vote

    Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 20 - 1.

    Source: Committee

11. 13 June 2001

    Committee

    Subcommittee Consideration and Mark-up Session Held.

    Source: Committee

12. 14 June 2001

    Committee

    The Subcommittee on Capitol Markets, Insurance and Government Sponsored Enterprises is granted an extension by the Chairman, ending not later than June 22 2001.

    Source: Committee

13. 22 June 2001

    Committee

    Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises Discharged.

    Source: Committee

14. 27 June 2001

    Reported

    Ordered to be Reported (Amended) by Voice Vote.

    Source: Committee

15. 27 June 2001

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

16. 2 August 2001

    Discharge

    Committee on Agriculture discharged.

    Source: Discharge

17. 2 August 2001

    Committee

    Committee on Agriculture discharged.

    Source: Committee

18. 2 August 2001

    Introduced

    House Committee on Judiciary Granted an extension for further consideration ending not later than Sept. 14, 2001.

    Source: IntroReferral

19. 2 August 2001

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 107-192, Part I.

    Source: Committee

20. 2 August 2001

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 107-192, Part I.

    Source: Committee

21. 14 September 2001

    Introduced

    House Committee on Judiciary Granted an extension for further consideration ending not later than Oct. 5, 2001.

    Source: IntroReferral

22. 5 October 2001

    Introduced

    House Committee on Judiciary Granted an extension for further consideration ending not later than Oct. 12, 2001.

    Source: IntroReferral

23. 9 October 2001

    Committee

    Subcommittee on Crime Discharged.

    Source: Committee

24. 10 October 2001

    Reported

    Ordered to be Reported (Amended) by Voice Vote.

    Source: Committee

25. 10 October 2001

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

26. 12 October 2001

    Introduced

    House Committee on Judiciary Granted an extension for further consideration ending not later than Oct. 16, 2001.

    Source: IntroReferral

27. 16 October 2001

    Calendars

    Placed on the Union Calendar, Calendar No. 144.

    Source: Calendars

28. 16 October 2001

    Reported

    Reported (Amended) by the Committee on Judiciary. H. Rept. 107-192, Part II.

    Source: Committee

29. 16 October 2001

    Reported

    Reported (Amended) by the Committee on Judiciary. H. Rept. 107-192, Part II.

    Source: Committee

30. 6 November 2001

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

31. 6 November 2001

    Vote

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 392 - 4 (Roll no. 427).(text: CR H7732-7741)

    Source: Floor

32. 6 November 2001

    Floor

    Considered under suspension of the rules. (consideration: CR H7732-7745)

    Source: Floor

33. 6 November 2001

    Vote

    At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

    Source: Floor

34. 6 November 2001

    Floor

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1408.

    Source: Floor

35. 6 November 2001

    Floor

    Mr. Bachus moved to suspend the rules and pass the bill, as amended.

    Source: Floor

36. 6 November 2001

    Vote

    On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 392 - 4 (Roll no. 427). (text: CR H7732-7741)

    Source: Floor

37. 7 November 2001

    Introduced

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Referred in Senate · 7 November 2001 · Official file
• Engrossed in House · 6 November 2001 · Official file
• Reported in House · 16 October 2001 · Official file
• Introduced in House · 4 April 2001 · Official file

Documents

12 official files

• Referred in Senate (text)

  Referred in Senate · EN · 7 November 2001

  ViewDownloadOpen at official source

• Referred in Senate (PDF)

  Referred in Senate · EN · 7 November 2001

  ViewDownloadOpen at official source

• Engrossed in House (text)

  Engrossed in House · EN · 6 November 2001

  ViewDownloadOpen at official source

• Engrossed in House (PDF)

  Engrossed in House · EN · 6 November 2001

  ViewDownloadOpen at official source

• Passed House amended

  summary · EN · 6 November 2001

  Open at official source

• Reported in House (text)

  Reported in House · EN · 16 October 2001

  ViewDownloadOpen at official source

• Reported in House (PDF)

  Reported in House · EN · 16 October 2001

  ViewDownloadOpen at official source

• Reported to House amended, Part II

  summary · EN · 16 October 2001

  Open at official source

• Reported to House amended, Part I

  summary · EN · 2 August 2001

  Open at official source

• Introduced in House (text)

  Introduced in House · EN · 4 April 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 4 April 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 4 April 2001

  Open at official source

Sponsors

• Rep. Rogers, Mike J. [R-MI-8] · R · Sponsor
• Rep. Oxley, Michael G. [R-OH-4] · R · Sponsor
• Rep. Kelly, Sue W. [R-NY-19] · R · Sponsor
• Rep. Bachus, Spencer [R-AL-6] · R · Sponsor
• PATRICK TIBERI · R · Sponsor
• Rep. Shows, Ronnie [D-MS-4] · D · Cosponsor
• Brad Sherman · D · Cosponsor
• Rep. Cantor, Eric [R-VA-7] · R · Cosponsor
• Rep. Hobson, David L. [R-OH-7] · R · Cosponsor
• Rep. Gillmor, Paul E. [R-OH-5] · R · Cosponsor
• Rep. Ney, Robert W. [R-OH-18] · R · Cosponsor
• Rep. Roukema, Marge [R-NJ-5] · R · Cosponsor
• Rep. Kilpatrick, Carolyn C. [D-MI-13] · D · Cosponsor
• Rep. Weldon, Dave [R-FL-15] · R · Cosponsor
• Rep. Biggert, Judy [R-IL-13] · R · Cosponsor
• Rep. Norwood, Charles W. [R-GA-10] · R · Cosponsor
• PETER KING · R · Cosponsor
• Sen. Chambliss, Saxby [R-GA] · R · Cosponsor
• Rep. Northup, Anne M. [R-KY-3] · R · Cosponsor
• Rep. Pryce, Deborah [R-OH-15] · R · Cosponsor
• Rep. Cramer, Robert E. (Bud), Jr. [D-AL-5] · D · Cosponsor
• · ssbk00 · Standing
• · hsju00 · Standing
• · hsag00 · Standing
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.