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United States · Bill · HR

H.R. 5712 (109th)

Securities and Exchange Commission Authority Restoration Act of 2006

referredUnited States· United States Congress· EN

Introduced

29 June 2006

Last action

18 July 2006 · Referred

Status

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Sponsors

Rep. Frank, Barney [D-MA-4], Rep. Kanjorski, Paul E. [D-PA-11], Rep. Capuano, Michael E. [D-MA-8], Rep. Gonzalez, Charles A. [D-TX-20]

Subjects

Discovery layer

Source updated

15 August 2025

Official sourceDownload fileView documentsShare

Summary

Securities and Exchange Commission Authority Restoration Act of 2006 - Amends the Investment Advisers Act of 1940 with respect to the exemption from the requirement of registration for any investment adviser: (1) who has had fewer than fifteen clients during the course of the preceding twelve months; and (2) who neither holds himself out generally to the public as an investment adviser, nor acts an an investment adviser to any registered investment company or a company which has elected to be a business development company. Authorizes the Securities and Exchange Commission (SEC) to: (1) limit the availability of this exemption; and (2) require the registration of any investment adviser by requiring that certain shareholders, partners, and beneficial owners of, or investors in, clients of the adviser be counted as clients themselves.

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

Timeline

  1. 29 June 2006

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 29 June 2006

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 29 June 2006

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 18 July 2006

    Referred

    Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

    Source: Committee

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 29 June 2006

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 29 June 2006

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 29 June 2006

    Open at official source

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Sponsors

Related records

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Sources

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