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  <bill>
    <number>701</number>
    <updateDate>2023-01-11T13:25:03Z</updateDate>
    <updateDateIncludingText>2023-01-11T13:25:03Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2013-02-14</introducedDate>
    <congress>113</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. McHENRY:H.R. 701.Congress has the power to enact this legislation pursuantto the following:Article One, Section Eight.[Page H548]</pre>]]></constitutionalAuthorityStatementText>
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        <name>Banking, Housing, and Urban Affairs Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2013-05-16T16:07:59Z</date>
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            <date>2013-05-15T16:41:45Z</date>
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            <name>Markup by</name>
            <date>2013-05-07T14:11:02Z</date>
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            <name>Referred to</name>
            <date>2013-02-14T15:04:35Z</date>
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        <citation>H. Rept. 113-58</citation>
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        <actionDate>2013-05-16</actionDate>
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        <text>Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
        <type>IntroReferral</type>
      </item>
      <item>
        <actionDate>2013-05-15</actionDate>
        <actionTime>17:47:51</actionTime>
        <text>Motion to reconsider laid on the table Agreed to without objection.</text>
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        <actionCode>H38310</actionCode>
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      <item>
        <actionDate>2013-05-15</actionDate>
        <actionTime>17:47:50</actionTime>
        <text>On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 416 - 6 (Roll no. 148). (text: CR H2627)</text>
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        <actionCode>H37300</actionCode>
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            <sessionNumber>1</sessionNumber>
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        <actionDate>2013-05-15</actionDate>
        <actionTime>17:47:50</actionTime>
        <text>Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 416 - 6 (Roll no. 148).(text: CR H2627)</text>
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        <actionDate>2013-05-15</actionDate>
        <actionTime>17:41:22</actionTime>
        <text>Considered as unfinished business. (consideration: CR H2636)</text>
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        <actionDate>2013-05-15</actionDate>
        <actionTime>12:57:49</actionTime>
        <text>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.</text>
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        <actionCode>H37220</actionCode>
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          <code>2</code>
          <name>House floor actions</name>
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      </item>
      <item>
        <actionDate>2013-05-15</actionDate>
        <actionTime>12:43:04</actionTime>
        <text>DEBATE - The House proceeded with forty minutes of debate on H.R. 701.</text>
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        <actionCode>H8D000</actionCode>
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      <item>
        <actionDate>2013-05-15</actionDate>
        <actionTime>12:43:02</actionTime>
        <text>Considered under suspension of the rules. (consideration: CR H2627-2629)</text>
        <type>Floor</type>
        <actionCode>H30000</actionCode>
        <sourceSystem>
          <code>2</code>
          <name>House floor actions</name>
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      </item>
      <item>
        <actionDate>2013-05-15</actionDate>
        <actionTime>12:42:35</actionTime>
        <text>Mr. McHenry moved to suspend the rules and pass the bill, as amended.</text>
        <type>Floor</type>
        <actionCode>H30300</actionCode>
        <sourceSystem>
          <code>2</code>
          <name>House floor actions</name>
        </sourceSystem>
      </item>
      <item>
        <actionDate>2013-05-15</actionDate>
        <text>Placed on the Union Calendar, Calendar No. 36.</text>
        <type>Calendars</type>
        <actionCode>H12410</actionCode>
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          <calendar>U00036</calendar>
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        <actionDate>2013-05-15</actionDate>
        <text>Reported by the Committee on Financial Services. H. Rept. 113-58.</text>
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        <actionDate>2013-05-15</actionDate>
        <text>Reported by the Committee on Financial Services. H. Rept. 113-58.</text>
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          <name>Library of Congress</name>
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        <actionDate>2013-05-07</actionDate>
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        <text>Ordered to be Reported by Voice Vote.</text>
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        <actionDate>2013-05-07</actionDate>
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          <code>1</code>
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        <text>Committee Consideration and Mark-up Session Held.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2013-02-14</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
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        <actionCode>H11100</actionCode>
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        <text>Introduced in House</text>
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        <text>Introduced in House</text>
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    <sponsors>
      <item>
        <bioguideId>M001156</bioguideId>
        <fullName>Rep. McHenry, Patrick T. [R-NC-10]</fullName>
        <firstName>Patrick</firstName>
        <lastName>McHenry</lastName>
        <party>R</party>
        <state>NC</state>
        <district>10</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>S001183</bioguideId>
        <fullName>Rep. Schweikert, David [R-AZ-6]</fullName>
        <firstName>David</firstName>
        <lastName>Schweikert</lastName>
        <party>R</party>
        <state>AZ</state>
        <district>6</district>
        <sponsorshipDate>2013-02-14</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>E000215</bioguideId>
        <fullName>Rep. Eshoo, Anna G. [D-CA-18]</fullName>
        <firstName>ANNA</firstName>
        <lastName>ESHOO</lastName>
        <party>D</party>
        <state>CA</state>
        <middleName>G.</middleName>
        <district>18</district>
        <sponsorshipDate>2013-02-14</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>2013-02-14</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S001157</bioguideId>
        <fullName>Rep. Scott, David [D-GA-13]</fullName>
        <firstName>David</firstName>
        <lastName>Scott</lastName>
        <party>D</party>
        <state>GA</state>
        <district>13</district>
        <sponsorshipDate>2013-02-14</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001092</bioguideId>
        <fullName>Rep. Collins, Chris [R-NY-27]</fullName>
        <firstName>Chris</firstName>
        <lastName>Collins</lastName>
        <party>R</party>
        <state>NY</state>
        <district>27</district>
        <sponsorshipDate>2013-04-12</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>F000451</bioguideId>
        <fullName>Rep. Fitzpatrick, Michael G. [R-PA-8]</fullName>
        <firstName>Michael</firstName>
        <lastName>Fitzpatrick</lastName>
        <party>R</party>
        <state>PA</state>
        <middleName>G.</middleName>
        <district>8</district>
        <sponsorshipDate>2013-05-13</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Administrative law and regulatory procedures</name>
        </item>
        <item>
          <name>Financial services and investments</name>
        </item>
        <item>
          <name>Securities</name>
        </item>
        <item>
          <name>Securities and Exchange Commission (SEC)</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
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    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2013-02-14</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2013-03-27T21:28:24Z</updateDate>
        <text><![CDATA[ <p>Amends the Securities Act of 1933 to set October 31, 2013, as the deadline for the Securities and Exchange Commission (SEC) to add a class of domestic securities to those already exempted from regulation under that Act in accordance with specified terms and conditions, including that: (1) the aggregate offering amount of all securities offered and sold within the prior 12-month period in reliance on the new exemption shall not exceed $50 million, (2) the securities may be offered and sold publicly, and (3) they shall not be restricted securities under federal securities laws and regulations.<BR> </p>]]></text>
      </summary>
      <summary>
        <versionCode>36</versionCode>
        <actionDate>2013-05-15</actionDate>
        <actionDesc>Passed House amended</actionDesc>
        <updateDate>2013-05-17T21:23:44Z</updateDate>
        <text><![CDATA[ <p>Amends the Securities Act of 1933 to set October 31, 2013, as the deadline for the Securities and Exchange Commission (SEC) to add a class of domestic securities to those already exempted from regulation under that Act in accordance with specified terms and conditions, including that: (1) the aggregate offering amount of all securities offered and sold within the prior 12-month period in reliance on the new exemption shall not exceed $50 million, (2) the securities may be offered and sold publicly, and (3) they shall not be restricted securities under federal securities laws and regulations.<BR> </p>]]></text>
      </summary>
    </summaries>
    <title>To amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action.</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>To amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action.</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action.</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Referred in Senate</type>
        <date>2013-05-16T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-113hr701rfs/xml/BILLS-113hr701rfs.xml</url>
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        </formats>
      </item>
      <item>
        <type>Reported in House</type>
        <date>2013-05-15T04:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-113hr701rh/xml/BILLS-113hr701rh.xml</url>
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      </item>
      <item>
        <type>Engrossed in House</type>
        <date>2013-05-15T04:00:00Z</date>
        <formats>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-113hr701eh/xml/BILLS-113hr701eh.xml</url>
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      </item>
      <item>
        <type>Introduced in House</type>
        <date>2013-02-14T05:00:00Z</date>
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            <url>https://www.govinfo.gov/content/pkg/BILLS-113hr701ih/xml/BILLS-113hr701ih.xml</url>
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    </textVersions>
    <latestAction>
      <actionDate>2013-05-16</actionDate>
      <text>Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.</text>
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    <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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