S. 2716 · 114th Congress
A bill to update the oil and gas and mining industry guides of the Securities and Exchange Commission.
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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.
D
ReedSponsor3 cosponsors · 3 D
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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 Senate · 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: A bill to update the oil and gas and mining industry guides of the Securities and Exchange Commission.
Latest action (Mar 17, 2016): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S1597)
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Mar 17, 2016
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.