H.R. 4624: Investment Adviser Oversight Act of 2012
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H.R. 4624: Investment Adviser Oversight Act of 2012
112th Congress · introduced 2012-04-25 · Finance and Financial Sector · Latest: Committee Hearings Held.
federal
Follow this bill, step by step
- Where it came from: introduced 2012-04-25 · official record
- Who proposed it: Rep. Bachus, Spencer [R-AL-6] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Committee Hearings Held. 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
Investment Adviser Oversight Act of 2012
Plain summary
Investment Adviser Oversight Act of 2012 - Amends the Investment Advisers Act of 1940 to require investment advisers to register with a registered national investment adviser association, unless exempted according to specified criteria. Prescribes registration requirements and procedures. Requires each national investment adviser association to conduct an annual conference to which representatives from the state securities administrators association and the Securities and Exchange Commission (SEC) shall be invited to participate in order to foster cooperation between such entities. Sets forth procedures for: (1) approval of registration; and (2) discipline of members by a national investment adviser association, including membership denial and summary suspension. Grants the SEC enforcement authority including suspension and expulsion of members and removal or censure of officers and directors.
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
Investment Adviser Oversight Act of 2012
Source: Congressional Research Service summary (Introduced in House)
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The strongest published arguments
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Alternatives
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Bachus, Spencer [R-AL-6] · 3 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
David Schweikert (R-AZ)
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 (2)
- Exemption
- A rule that removes certain people, property or activities from a tax or requirement.
- Securities
- Financial investments that can be bought and sold, such as stocks and bonds.
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-112hr4624.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/112/hr>
Record fed-us-cong112-hr4624 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112