Pipeline · Bill → Law
Step 1
Introduced
Jan 25, 2023
Step 2
Referred
Jan 25, 2023
Financial Services · Banking, Housing, and Urban Affairs
Step 3
Committee
Step 4
House floor
Step 5
Senate
Jan 31, 2023
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
This bill addresses the redemption of securities involving the potential financial exploitation of an adult by allowing an open-end investment company to elect to comply with certain procedures. (Open-end investment management companies offer securities in pooled investment vehicles such as mutual funds.) Specifically, the bill allows for the delay of the redemption of a security issued by an open-end investment management company if the company reasonably believes the redemption involves the financial exploitation of an individual age 65 or older or an individual age 18 or older who is unable to protect his or her own interests. The company may initially delay the redemption for up to 15...
Roll Call Votes · 1
Timeline · 10 actions
Jan 31, 2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jan 30, 2023
Mr. McHenry moved to suspend the rules and pass the bill.
Jan 30, 2023
Considered under suspension of the rules.
Jan 30, 2023
DEBATE - The House proceeded with forty minutes of debate on H.R. 500.
Jan 30, 2023
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.
Jan 30, 2023
Considered as unfinished business.
Jan 30, 2023
On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 419 - 0 (Roll no. 94).ROLL CALLpass
Jan 30, 2023
Motion to reconsider laid on the table Agreed to without objection.
Jan 25, 2023
Introduced in House
Jan 25, 2023
Referred to the House Committee on Financial Services.