JOBS AND INVESTOR CONFIDENCE ACT

Remarks in House

Consumer Financial Protection Bureau: provide regulatory relief to charitable organizations that provide housing assistance, H6311 [17JY]

Credit: clarify Federal law relative to reporting positive consumer credit information to consumer reporting agencies, H6310 [17JY]

Enact (S. 488), H6295–H6312 [17JY], H9695, H9733, H9735–H9738 [29NO], E1052 [24JY]

Financial institutions: provide a safe harbor for financial institutions that maintain a customer account at the request of a Federal or State law enforcement agency, H6309 [17JY]

——— require appropriate Federal banking agencies to increase risk-sensitivity of capital treatment of certain centrally cleared options, H6309 [17JY]

GAO: conduct study on how virtual currencies and online marketplaces are used to facilitate sex and drug trafficking, H6310, H6311 [17JY]

Law enforcement: develop a national strategy to combat financial networks of transnational organized criminals, H6310 [17JY]

SEC: carry out a study to evaluate issues affecting provision of and reliance upon investment research into small issuers, H6307 [17JY]

——— carry out study of direct and indirect underwriting fees, including gross spreads, for mid-sized initial public offerings, H6307, H6308 [17JY]

——— clarify definition of general solicitation under Federal securities law as not applying to events like demo days, H6306, H6308, H6310 [17JY]

——— clarify that family offices and family clients are accredited investors, H6307 [17JY]

——— codify certain qualifications of individuals as accredited investors for purposes of securities laws, H6311 [17JY]

——— exempt from registration brokers participating in the transfer of ownership of smaller privately-held companies, H6307 [17JY]

——— expand ability to use testing the waters and confidential draft registration submissions, H6312 [17JY], H9736 [29NO]

——— implement rules simplifying the quarterly financial reporting regime, H6308 [17JY]

——— provide that the definition of a facility of an exchange does not apply to a line of business the purpose of which is not to effect or report a transaction on an exchange, H6308 [17JY]

——— revise regulations relative to qualifications of natural persons as accredited investors, H6307 [17JY]

——— study rule 10b5-1 trading plans relative to the definition of insider trading, H6307 [17JY]

——— study the 10 per centum threshold limitation applicable to the definition of a diversified company, H6309 [17JY]

Securities: provide a temporary exemption for low-revenue issuers from certain auditor attestation requirements, H6310 [17JY]

Social Security: provide for cost-of-living adjustments indexed to the Consumer Price Index for the Elderly, H6310 [17JY]

Texts of

S. 488, provisions, H6295–H6306 [17JY]