INVESTMENT ADVISERS ACT

Bills and resolutions

Investments: require investment advisers for passively-managed funds to arrange for pass-through voting of proxies for certain securities (see S. 2700), S3757 [27JY] (see H.R. 4645), H3611 [14JY]

——— require investment advisors to consider only monetary factors when making investment decisions (see S. 2282), S2360 [12JY] (see H.R. 4237), H3069 [21JN]

SEC: codify certain no-action letters that exclude brokers and dealers compensated for certain research services from definition of investment adviser (see H.R. 2622), H1725 [13AP]

——— increase exemption from registration threshold for certain investment advisers of private funds to reflect change in inflation (see H.R. 2578), H1724 [13AP]

——— revise definition of qualifying investment to include equity security issued by qualifying portfolio company for purposes of exemption from registration for venture capital fund advisers (see H.R. 2579), H1724 [13AP]

——— specify requirements for considering pecuniary and non-pecuniary factors, study climate change and other environmental disclosures in municipal bond market, and study solicitation of municipal securities business (see H.R. 4600), H3573 [13JY]

Remarks in House

SEC: codify certain no-action letters that exclude brokers and dealers compensated for certain research services from definition of investment adviser (H.R. 2622), H3184, H3185 [11JY]

Reports filed

SEC No-Action Letters That Exclude Brokers and Dealers Compensated for Certain Research Services From Definition of Investment Adviser Codification: Committee on Financial Services (House) (H.R. 2622) (H. Rept. 118–134), H3203 [11JY]

Texts of

H.R. 2622, codify certain SEC no-action letters that exclude brokers and dealers compensated for certain research services from definition of investment adviser, H3184 [11JY]