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  <version>3.0.0</version>
  <bill>
    <number>2225</number>
    <updateDate>2019-11-15T20:54:17Z</updateDate>
    <updateDateIncludingText>2019-11-15T20:54:17Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2011-06-16</introducedDate>
    <congress>112</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Mr. HENSARLING:H.R. 2225.Congress has the power to enact this legislation pursuantto the following:Article I, section 8, clause 1 (relating to the generalwelfare of the United States); and Article I, section 8,clause 3 (relating to the power to regulate interstatecommerce).[Page H4329]</pre>]]></constitutionalAuthorityStatementText>
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        <systemCode>hsba00</systemCode>
        <name>Financial Services Committee</name>
        <chamber>House</chamber>
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          <item>
            <systemCode>hsba16</systemCode>
            <name>Capital Markets Subcommittee</name>
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              <item>
                <name>Referred to</name>
                <date>2011-07-19T13:30:03Z</date>
              </item>
            </activities>
          </item>
        </subcommittees>
        <activities>
          <item>
            <name>Referred to</name>
            <date>2011-06-16T13:05:10Z</date>
          </item>
        </activities>
      </item>
    </committees>
    <actions>
      <item>
        <actionDate>2011-07-19</actionDate>
        <committees>
          <item>
            <systemCode>hsba16</systemCode>
            <name>Capital Markets Subcommittee</name>
          </item>
        </committees>
        <sourceSystem>
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        </sourceSystem>
        <text>Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.</text>
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      </item>
      <item>
        <actionDate>2011-06-16</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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        <actionCode>H11100</actionCode>
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            <name>Financial Services Committee</name>
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        <actionDate>2011-06-16</actionDate>
        <text>Introduced in House</text>
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      <item>
        <actionDate>2011-06-16</actionDate>
        <text>Introduced in House</text>
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        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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      </item>
    </actions>
    <sponsors>
      <item>
        <bioguideId>H001036</bioguideId>
        <fullName>Rep. Hensarling, Jeb [R-TX-5]</fullName>
        <firstName>Jeb</firstName>
        <lastName>Hensarling</lastName>
        <party>R</party>
        <state>TX</state>
        <district>5</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>B000013</bioguideId>
        <fullName>Rep. Bachus, Spencer [R-AL-6]</fullName>
        <firstName>SPENCER</firstName>
        <lastName>BACHUS</lastName>
        <party>R</party>
        <state>AL</state>
        <district>6</district>
        <sponsorshipDate>2011-06-16</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>M000087</bioguideId>
        <fullName>Rep. Maloney, Carolyn B. [D-NY-14]</fullName>
        <firstName>CAROLYN</firstName>
        <lastName>MALONEY</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>B.</middleName>
        <district>14</district>
        <sponsorshipDate>2011-06-16</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>G000548</bioguideId>
        <fullName>Rep. Garrett, Scott [R-NJ-5]</fullName>
        <firstName>Scott</firstName>
        <lastName>Garrett</lastName>
        <party>R</party>
        <state>NJ</state>
        <district>5</district>
        <sponsorshipDate>2011-06-16</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>N000182</bioguideId>
        <fullName>Rep. Neugebauer, Randy [R-TX-19]</fullName>
        <firstName>Randy</firstName>
        <lastName>Neugebauer</lastName>
        <party>R</party>
        <state>TX</state>
        <district>19</district>
        <sponsorshipDate>2011-06-16</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001047</bioguideId>
        <fullName>Rep. Capito, Shelley Moore [R-WV-2]</fullName>
        <firstName>Shelley</firstName>
        <lastName>Capito</lastName>
        <party>R</party>
        <state>WV</state>
        <middleName>Moore</middleName>
        <district>2</district>
        <sponsorshipDate>2011-06-16</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>B001232</bioguideId>
        <fullName>Rep. Biggert, Judy [R-IL-13]</fullName>
        <firstName>JUDY</firstName>
        <lastName>BIGGERT</lastName>
        <party>R</party>
        <state>IL</state>
        <district>13</district>
        <sponsorshipDate>2011-06-16</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Banking and financial institutions regulation</name>
        </item>
        <item>
          <name>Family relationships</name>
        </item>
        <item>
          <name>Financial services and investments</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2011-06-16</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2011-09-13T16:06:18Z</updateDate>
        <text><![CDATA[ <p>Amends the Investment Advisers Act of 1940 to define &quot;family office&quot; (exempt from coverage by the Act) as a company (including any director, partner, trustee, or employee of such company, when acting in their respective capacities as such) that has no clients other than family clients and is owned, controlled, or operated primarily for the benefit of family clients and does not hold itself out to the public as an investment adviser.</p>]]></text>
      </summary>
    </summaries>
    <title>To amend the Investment Advisers Act of 1940 to add a definition of family office.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>To amend the Investment Advisers Act of 1940 to add a definition of family office.</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Investment Advisers Act of 1940 to add a definition of family office.</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2011-06-16T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-112hr2225ih/xml/BILLS-112hr2225ih.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2011-07-19</actionDate>
      <text>Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.</text>
    </latestAction>
  </bill>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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