H.R. 1090—Retail Investor Protection Act

H.R. 1090 - Retail Investor Protection Act

Bill Text

Rules Committee Print 114-31PDFXML

Showing the text of the bill as ordered reported by the Committee on Financial Services

Text of H.R. 1090PDFXML

Retail Investor Protection Act (as reported)
        ::  H.R. 1090 (as introduced)  PDFXML

H. Rept. 114-304 Part 1PDF

Report from the Committee on Financial Services

Rule Information

COMMITTEE ACTION:
REPORTED BY RECORD VOTE of 9-3 on Monday, October 26, 2015.

FLOOR ACTION ON H. RES. 491:
Adopted by record vote of 244-186, after agreeing to the previous question by record vote of 242-185, on Tuesday, October 27, 2015.

MANAGERS:Collins/Polis

1. Structured rule.

2. Provides one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.

3. Waives all points of order against consideration of the bill.

4. Provides that the amendment in the nature of a substitute consisting of the text of Rules Committee Print 114-31 shall be considered as adopted and the bill, as amended, shall be considered as read.

5. Waives all points of order against provisions in the bill, as amended.

6. Makes in order only the amendment printed in the Rules Committee report, if offered by Representative Lynch of Massachusetts, or his designee, which shall be considered as read, shall be debatable for 10 minutes equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question.

7. Waives all points of order against the amendment printed in the report.

8. Provides one motion to recommit with or without instructions.

Amendments (click each header to sort table ▲▼ by that column)

#Version #Sponsor(s)PartySummaryStatus
1Version 1Lynch (MA)DemocratReplaces the bill’s existing requirement that the Department of Labor (DOL) stop its rulemaking pending a final Securities and Exchange Commission (SEC) rule with a requirement that the SEC revises its own regulations governing fiduciary duty no later than 60 days after the DOL finalizes its rule and coordinates its rulemaking with the DOL.Made In Order

Committee Votes

Rules Committee Record Vote No. 118

Motion by Mr. McGovern to report an open rule. Defeated: 3–9

Majority Members
Vote
Minority Members
Vote
Ms. Foxx
Nay
Mr. Cole
Nay
Mr. Woodall
Nay
Mr. Burgess
Nay
Mr. Stivers
Nay
Mr. Collins
Nay
Mr. Byrne
Nay
Mr. Newhouse
Nay
Mr. Sessions, Chair
Nay
Ms. Slaughter
No Vote
Mr. McGovern
Yea
Mr. Hastings
Yea
Mr. Polis
Yea

Rules Committee Record Vote No. 119

Motion by Ms. Foxx to report the rule. Adopted: 9-3

Majority Members
Vote
Minority Members
Vote
Ms. Foxx
Yea
Mr. Cole
Yea
Mr. Woodall
Yea
Mr. Burgess
Yea
Mr. Stivers
Yea
Mr. Collins
Yea
Mr. Byrne
Yea
Mr. Newhouse
Yea
Mr. Sessions, Chair
Yea
Ms. Slaughter
No Vote
Mr. McGovern
Nay
Mr. Hastings
Nay
Mr. Polis
Nay