Family Office Technical Correction Act of 2017
This bill provides that family offices and family clients are accredited investors as set forth by the Securities and Exchange Commission (SEC) in Regulation D, which exempts certain offerings from SEC registration requirements but prohibits general solicitation or general advertising with respect to such offerings. (A family office is a company that has no clients other than family clients, is wholly owned and exclusively controlled by family clients, and does not hold itself out to the public as an investment advisor.)
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2017-10-25 | IntroReferral | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate |
| 2017-10-24 | Floor | Motion to reconsider laid on the table Agreed to without objection. | House floor actions |
| 2017-10-24 | Floor | On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8097) | House floor actions |
| 2017-10-24 | Floor | DEBATE - The House proceeded with forty minutes of debate on H.R. 3972. | House floor actions |
| 2017-10-24 | Floor | Considered under suspension of the rules. (consideration: CR H8097-8099) | House floor actions |
| 2017-10-24 | Floor | Mr. Barr moved to suspend the rules and pass the bill, as amended. | House floor actions |
| 2017-10-23 | Calendars | Placed on the Union Calendar, Calendar No. 266. | House floor actions |
| 2017-10-23 | Committee | Reported (Amended) by the Committee on Financial Services. H. Rept. 115-362. | House floor actions |
| 2017-10-12 | Committee | Ordered to be Reported (Amended) by the Yeas and Nays: 60 - 0. | House committee actions |
| 2017-10-12 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-10-11 | Committee | Committee Consideration and Mark-up Session Held. | House committee actions |
| 2017-10-05 | IntroReferral | Referred to the House Committee on Financial Services. | House floor actions |
| 2017-10-05 | IntroReferral | Introduced in House | Library of Congress |