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Bill113th CongressFiled Feb 14, 2013Finance and Financial Sector
H.R. 701

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.

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house amended (May 15, 2013)

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.

What just happenedMay 16, 2013

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Who’s behind it

Rep. McHenry, Patrick T. [R-NC-10](R-NC)Sponsor
6 cosponsors2 D4 R
Read on Congress.gov
6cosponsors2committees17actions4subjects
  • Referred in SenateMay 16, 2013
  • Reported in HouseMay 15, 2013
  • Engrossed in HouseMay 15, 2013
  • Introduced in HouseFeb 14, 2013
  1. May 16, 2013IntroReferral

    Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

  2. May 15, 2013FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. May 15, 2013FloorH37300

    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)

  4. May 15, 2013Floor8000

    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)

  5. May 15, 2013FloorH30000

    Considered as unfinished business. (consideration: CR H2636)

  6. May 15, 2013FloorH37220

    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.

  7. May 15, 2013FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 701.

  8. May 15, 2013FloorH30000

    Considered under suspension of the rules. (consideration: CR H2627-2629)

  9. May 15, 2013FloorH30300

    Mr. McHenry moved to suspend the rules and pass the bill, as amended.

  10. May 15, 2013CalendarsH12410

    Placed on the Union Calendar, Calendar No. 36.

  11. May 15, 2013CommitteeH12200

    Reported by the Committee on Financial Services. H. Rept. 113-58.

  12. May 15, 2013Committee5000

    Reported by the Committee on Financial Services. H. Rept. 113-58.

  13. May 7, 2013Committee

    Ordered to be Reported by Voice Vote.

  14. May 7, 2013Committee

    Committee Consideration and Mark-up Session Held.

  15. Feb 14, 2013IntroReferralH11100

    Referred to the House Committee on Financial Services.

  16. Feb 14, 2013IntroReferralIntro-H

    Introduced in House

  17. Feb 14, 2013IntroReferral1000

    Introduced in House

Passed House amendedMay 15, 201336

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.

Introduced in HouseFeb 14, 2013

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.