3.0.0 2550 2023-01-11T13:19:09Z 2023-01-11T13:19:09Z House H HR 2009-05-21 111 hsba00 Financial Services Committee House Standing Referred to 2009-05-21T14:07:48Z 2009-05-21 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2009-05-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-05-21 Introduced in House IntroReferral 1000 9 Library of Congress D000609 Rep. Driehaus, Steve [D-OH-1] Steve Driehaus D OH 1 N G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2009-05-21 True F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2009-05-21 True B001234 Rep. Baca, Joe [D-CA-43] JOE BACA D CA 43 2009-05-21 True C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2009-05-21 True M000933 Rep. Moran, James P. [D-VA-8] JAMES MORAN D VA P. 8 2009-05-21 True A000210 Rep. Andrews, Robert E. [D-NJ-1] ROBERT ANDREWS D NJ E. 1 2009-05-21 True C001078 Rep. Connolly, Gerald E. [D-VA-11] Gerald Connolly D VA E. 11 2009-05-21 True Finance and Financial Sector Administrative law and regulatory procedures Financial services and investments Licensing and registrations Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2009-05-21 Introduced in House 2009-09-08T18:48:02Z Municipal Advisers Regulation Act - Amends the Securities Exchange Act of 1934 to make it unlawful for a person not associated with a municipal financial adviser to make use of the mails or means of interstate commerce to act as a municipal financial adviser unless such person is registered with the Securities and Exchange Commission (SEC) as a municipal financial adviser in accordance with this Act.

Defines "municipal financial adviser" as a person who, for compensation, engages in the business of: (1) providing advice to a municipal securities issuer with respect to issuance of securities, investment of proceeds from such securities, the hedging of risks associated with such securities, or preparation of disclosure documents; (2) assisting a municipal securities issuer in selecting or negotiating guaranteed investment contracts or other investment products; or (3) assisting a municipal securities issuer in the primary offering of securities not involving a public offering.

Provides requirements concerning sanctions (including revocation of registration), fair practices, compliance with standards of operational capability, and the fiduciary duty of such an adviser.

]]> Municipal Advisers Regulation Act Display Title Municipal Advisers Regulation Act Official Title as Introduced To amend the Securities Exchange Act of 1934 to require the registration of municipal financial advisers. Introduced in House IH Short Titles as Introduced Municipal Advisers Regulation Act Introduced in House 2009-05-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr2550ih/xml/BILLS-111hr2550ih.xml 2009-05-21 Referred to the House Committee on Financial Services. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.