An Act to exempt a particular class of securities from the Securities and Exchange Act (H.R. 701; 113th Congress)

113th CONGRESS

1st Session

H. R. 701

IN THE HOUSE OF REPRESENTATIVES

February 14, 2013

Mr. McHenry (for himself, Mr. Schweikert, Ms. Eshoo, Mr. Garrett, and Mr. David Scott of Georgia) introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend a provision of the Securities Act of 1933 directing the Securities and Exchange Commission to add a particular class of securities to those exempted under such Act to provide a deadline for such action.

=Section 1. Rulemaking deadline for exempting certain securities=

Section 3(b)(2) of the Securities Act of 1933 (15 U.S.C. 77c(b)(2)) is amended by striking “The Commission” and inserting “Not later than October 31, 2013, the Commission”.