United States · Bill · HR
H.R. 458 (109th)
Military Personnel Financial Services Protection Act
Introduced
1 February 2005
Last action
28 June 2005 · Floor
Status
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
Rep. Davis, Geoff [R-KY-4], Rep. Baker, Richard H. [R-LA-6], Rep. Shimkus, John [R-IL-15], Rep. Gerlach, Jim [R-PA-6], Rep. Fitzpatrick, Michael G. [R-PA-8], Rep. Norwood, Charles W. [R-GA-9], Rep. Ryun, Jim [R-KS-2], Rep. Shadegg, John B. [R-AZ-3], Rep. Gillmor, Paul E. [R-OH-5], Rep. Pickering, Charles W. "Chip" [R-MS-3], Rep. Neugebauer, Randy [R-TX-19], Rep. Rogers, Harold [R-KY-5], Rep. Foley, Mark [R-FL-16], Sen. Capito, Shelley Moore [R-WV], Rep. Edwards, Chet [D-TX-17], Rep. Carter, John R. [R-TX-31], Rep. Moore, Gwen [D-WI-4], Rep. Bean, Melissa L. [D-IL-8], Rep. Lewis, Ron [R-KY-2], Rep. Pomeroy, Earl [D-ND-At Large]
Subjects
Defence
Source updated
5 December 2025
Summary
Military Personnel Financial Services Protection Act - Amends the Investment Company Act of 1940 to make it unlawful: (1) for any registered investment company to issue any periodic payment plan certificate; or (2) for such company or any depositor or underwriter of such company, or other person, to sell such a certificate. Directs the Securities and Exchange Commission (SEC) to report to specified congressional committees on: (1) any measures taken by a registered broker or dealer voluntarily to refund payments made by military service members on any such certificate; and (2) the sales practices of such brokers or dealers on military installations over the past five years. Amends the Securities Exchange Act of 1934 to require a registered securities association to establish and maintain: (1) a system for collecting and retaining broker/dealer registration information; and (2) a toll-free telephone listing, and a readily accessible process to respond promptly to registration information inquiries. Amends the Investment Advisers Act of 1940 to authorize the SEC to require an investment adviser to file with the SEC certain documentation. Directs the SEC to require such entity to maintain a toll–free telephone listing or other readily accessible process to receive and promptly respond to registration, disciplinary, and other relevant inquiries. Prohibits an insurer or producer from: (1) selling or soliciting, in person, any life insurance product to any member of the Armed Forces on a Federal military installation unless certain written disclosures have been provided before the sale; or (2) contracting with an insurance producer that solicits or sells life insurance on U.S. military installations unless the insurer has implemented a system for reporting any disciplinary actions against the producer to the appropriate State insurance commissioner. Requires the Secretary of Defense to establish a registry of insurance agents and financial advisors that have been barred or banned from doing business on Federal military installations.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
1 February 2005
Introduced
Referred to the House Committee on Financial Services.
Source: IntroReferral
1 February 2005
Introduced
Introduced in House
Source: IntroReferral
1 February 2005
Introduced
Introduced in House
Source: IntroReferral
16 March 2005
Reported
Ordered to be Reported by Voice Vote.
Source: Committee
16 March 2005
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
13 April 2005
Calendars
Placed on the Union Calendar, Calendar No. 21.
Source: Calendars
13 April 2005
Reported
Reported by the Committee on Financial Services. H. Rept. 109-40.
Source: Committee
13 April 2005
Reported
Reported by the Committee on Financial Services. H. Rept. 109-40.
Source: Committee
27 June 2005
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
27 June 2005
Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 458.
Source: Floor
27 June 2005
Floor
Considered under suspension of the rules. (consideration: CR H5186-5192)
Source: Floor
27 June 2005
Floor
Mr. Davis (KY) moved to suspend the rules and pass the bill, as amended.
Source: Floor
28 June 2005
Introduced
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
28 June 2005
Passed
The title of the measure was amended. Agreed to without objection.
Source: Floor
28 June 2005
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
28 June 2005
Vote
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 405 - 2 (Roll no. 324). (text: CR 6/27/2005 H5186-5192)
Source: Floor
28 June 2005
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): 405 - 2 (Roll no. 324).(text: CR 6/27/2005 H5186-5192)
Source: Floor
28 June 2005
Floor
Considered as unfinished business. (consideration: CR H5273-5274)
Source: Floor
Votes
No vote records are attached yet.
Versions
- Referred in Senate · 28 June 2005 · Download file
- Engrossed in House · 28 June 2005 · Download file
- Reported in House · 13 April 2005 · Download file
- Introduced in House · 1 February 2005 · Download file
Documents
11 official files
Engrossed in House (text)
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Engrossed in House (text)
Engrossed in House · EN · 28 June 2005
Engrossed in House (PDF)
Engrossed in House · EN · 28 June 2005
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Referred in Senate (text)
Referred in Senate · EN · 28 June 2005
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Referred in Senate (PDF)
Referred in Senate · EN · 28 June 2005
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Passed House amended
summary · EN · 28 June 2005
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Reported in House (text)
Reported in House · EN · 13 April 2005
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Reported in House (PDF)
Reported in House · EN · 13 April 2005
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Reported to House without amendment
summary · EN · 13 April 2005
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Introduced in House (text)
Introduced in House · EN · 1 February 2005
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Introduced in House (PDF)
Introduced in House · EN · 1 February 2005
ViewDownloadOpen at official source
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Introduced in House
summary · EN · 1 February 2005
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Davis, Geoff [R-KY-4] · R · Sponsor
- Rep. Baker, Richard H. [R-LA-6] · R · Sponsor
- Rep. Shimkus, John [R-IL-15] · R · Sponsor
- Rep. Gerlach, Jim [R-PA-6] · R · Sponsor
- Rep. Fitzpatrick, Michael G. [R-PA-8] · R · Sponsor
- Rep. Norwood, Charles W. [R-GA-9] · R · Sponsor
- Rep. Ryun, Jim [R-KS-2] · R · Sponsor
- Rep. Shadegg, John B. [R-AZ-3] · R · Sponsor
- Rep. Gillmor, Paul E. [R-OH-5] · R · Cosponsor
- Rep. Pickering, Charles W. "Chip" [R-MS-3] · R · Cosponsor
- Rep. Neugebauer, Randy [R-TX-19] · R · Cosponsor
- Rep. Rogers, Harold [R-KY-5] · R · Cosponsor
- Rep. Foley, Mark [R-FL-16] · R · Cosponsor
- Sen. Capito, Shelley Moore [R-WV] · R · Cosponsor
- Rep. Edwards, Chet [D-TX-17] · D · Cosponsor
- Rep. Carter, John R. [R-TX-31] · R · Cosponsor
- Rep. Moore, Gwen [D-WI-4] · D · Cosponsor
- Rep. Bean, Melissa L. [D-IL-8] · D · Cosponsor
- Rep. Lewis, Ron [R-KY-2] · R · Cosponsor
- Rep. Pomeroy, Earl [D-ND-At Large] · D · Cosponsor
- · ssbk00 · Standing
- · hsba00 · Standing
Related records
- related to → Military Personnel Financial Services Protection Act
- related to ← Military Personnel Financial Services Protection Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/109th-congress/house-bill/458
- Open data entity: https://api.congress.gov/v3/bill/109/hr/458
- us · 109-hr-458 · source updated 5 December 2025