H.R. 3005 · 104th Congress · enacted
National Securities Markets Improvement Act of 1996
Became Public Law No: 104-290.
Latest official action 1996-10-11 · Enacted
The bill, briefly
TABLE OF CONTENTS: Title I: Investment Advisers Supervision Coordination Act Title II: Facilitating Investment In Mutual Funds Title III: Reducing the Cost of Saving and Investment Securities Investment Promotion Act of 1996 - Title I: Investment Advisers Supervision Coordination Act - Investment Advisers Supervision Coordination Act - Authorizes appropriations to the Securities and Exchange Commission (SEC) for FY 1997 and 1998 to enforce the Investment Advisers Act of 1940. (Sec. 103) Amends the Investment Advisers Act of 1940 to exempt from SEC registration requirements investment advisers subject to a State securities regulator, unless they: (1) manage at least $25 million in assets; and (2) serve as advisers to certain federally registered investment companies, or certain business development companies. Exempts from State regulation advisers subject to SEC regulation, or excepted from the SEC definition of investment adviser. Permits States, in such cases, to: (1) require the filing of documents for notice purposes; and (2) investigate fraud or deceit and bring enforcement actions. (Sec. 104) Prohibits the enforcement of any State law or regulation that sets recordkeeping or capital and bond requirements in addition to those of the State in which an adviser maintains its principal place of business and is in compliance with applicable requirements. (Sec. 105) Directs the S…
Congressional Research Service · 1996-06-27
Who reported lobbying on this bill?
Amount spent specifically on this bill: not disclosed
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No matching lobbying report is imported yet. This is not evidence that no lobbying occurred.
2,409 latest lobbying reports imported. Some source imports are still in progress.
Politicians behind the bill
Sponsors and cosponsors from the official source, limited to members currently in office. Campaign amounts are cycle-wide and are not payments for this bill.
No current-officeholder sponsorship match is available. Historical sponsors may have left office.
0 of 0 source cosponsor records retrieved; only current officials and unwithdrawn sponsorships appear.
PAC donors to the listed sponsors
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The largest 40 donor totals appear here. Open each politician for their complete, paginated PAC donor list.
What happened after enactment?
Dated agency-reported implementation and uptake measures are shown with their scope. They do not by themselves establish causal success. If no evidence is listed, the outcome is not established.
Measured outcome: not established
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