H.R. 2225: To amend the Investment Advisers Act of 1940 to add a definition of family office.
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H.R. 2225: To amend the Investment Advisers Act of 1940 to add a definition of family office.
112th Congress · introduced 2011-06-16 · Finance and Financial Sector · Latest: Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
federal
Follow this bill, step by step
- Where it came from: introduced 2011-06-16 · official record
- Who proposed it: Rep. Hensarling, Jeb [R-TX-5] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
To amend the Investment Advisers Act of 1940 to add a definition of family office.
Plain summary
Amends the Investment Advisers Act of 1940 to define "family office" (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.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
What a vote does
A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
To amend the Investment Advisers Act of 1940 to add a definition of family office.
Source: Congressional Research Service summary (Introduced in House)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Hensarling, Jeb [R-TX-5] · 6 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Shelley Moore Capito (R-WV)
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (1)
- Exemption
- A rule that removes certain people, property or activities from a tax or requirement.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-112hr2225.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/112/hr>
Record fed-us-cong112-hr2225 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112