S. 3717 · 111th Congress
A bill to amend the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment…
Full title
A bill to amend the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to provide for certain disclosures under section 552 of title 5, United States Code, (commonly referred to as the Freedom of Information Act), and for other purposes.
Key: what the circles and colors mean
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Became law without a recorded vote. It passed by voice vote or unanimous consent, which don't record how each member voted.
D
LeahySponsor3 cosponsors · 1 D, 2 R
3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
- Senate Introduced Aug 5, 2010
- Senate Passed Sep 21, 2010
- House Passed Sep 23, 2010
- President To the President Sep 24, 2010
- President Signed Oct 5, 2010
- Law Oct 5, 2010
Amends the Securities Exchange Act of 1934 to repeal the prohibition of the Dodd-Frank Wall Street Reform and Consumer Protection Act against compelling the Securities and Exchange Commission (SEC) to disclose records or information obtained from registered persons pursuant to its regulatory or oversight activities.
What it does: CRS summary · Public Law · Oct 5, 2010
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Amends the Securities Exchange Act of 1934 to repeal the prohibition of the Dodd-Frank Wall Street Reform and Consumer Protection Act against compelling the Securities and Exchange Commission (SEC) to disclose records or information obtained from registered persons pursuant to its regulatory or oversight activities.
Declares that for purposes of the Freedom of Information Act (FOIA): (1) the SEC is an agency responsible for the regulation or supervision of financial institutions; and (2) any entity for which the SEC is the responsible regulator, supervisor, or examiner under such Act is a financial institution. (Thus retains the general exemption from FOIA of matters contained in or related to examination, operating, or condition reports prepared by, on behalf of, or for the use of the SEC and any other agency responsible for the regulation or supervision of financial institutions.)
Amends the Investment Company Act and the Investment Advisers Act to repeal similar prohibitions against compelling the SEC to disclose records or information provided to it by a registered investment company or investment adviser, or an underwriter, broker, dealer, or investment adviser that is a majority-owned subsidiary of such a company, for SEC use in furtherance of certain purposes, including surveillance, risk assessments, or other regulatory and oversight activities.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to amend the Securities Exchange Act of 1934, the Investment Company Act of 1940, and the Investment Advisers Act of 1940 to provide for certain disclosures under section 552 of title 5, United States Code, (commonly referred to as the Freedom of Information Act), and for other purposes.
Latest action (Oct 5, 2010): Became Public Law No: 111-257.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Aug 5, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
- Senate Introduced Aug 5, 2010
- Senate Passed Sep 21, 2010
- House Passed Sep 23, 2010
- President To the President Sep 24, 2010
- President Signed Oct 5, 2010
- Law Oct 5, 2010
No recorded floor vote found.