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H.R. 4792 · 114th Congress

To update the oil and gas and mining industry guides of the Securities and Exchange Commission.

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 114th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

MCD CartwrightSponsor
24 cosponsors · 24 D

This bill directs the Securities and Exchange Commission (SEC), within 180 days of enactment of this bill, to update:

What it does: CRS summary · Introduced in House · Mar 17, 2016

This bill directs the Securities and Exchange Commission (SEC), within 180 days of enactment of this bill, to update:

  • the Securities Act industry guides entitled "Prospectuses relating to interests in oil and gas programs" and "Description of Property by Issuers Engaged or To Be Engaged in Significant Mining Operations,"
  • the Exchange Act industry guide entitled "Description of Property by Issuers Engaged or To Be Engaged in Significant Mining Operations," and
  • regulations concerning disclosure by registrants engaged in oil and gas producing activities.

In making such updates, the SEC shall work with the Investor Advisory Committee, which shall solicit and consider public input or appropriate disclosures to include and make specific recommendations to the SEC.

If the SEC fails to meet the deadline, it must report to and testify before specified congressional committees explaining why it failed to meet it.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: To update the oil and gas and mining industry guides of the Securities and Exchange Commission.

Latest action (Mar 17, 2016): Referred to the House Committee on Financial Services.

Policy area: Finance and Financial Sector · Origin: House · Introduced: Mar 17, 2016

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.