FLOOR UPDATE – 4 – 5 VOTES – LAST VOTES

Floor Update: Oct 17, 2019 - 1:41 pm
At approximately 1:45 - 1:50 p.m, the House will take the following votes:
  1. Huizenga Amendment – Exempts Form CRS (“Client Relationship Summary”), a recently developed disclosure document, a version of which went through one round of narrow SEC investor testing with mixed results from retail investors, from any further investor testing regardless of changes to the markets, investment products, investor behaviors, or investing trends – 15 minutes
  2. Gottheimer Amendment – Requires the SEC to include a specific consideration of the unique challenges senior investors face as part of their overall investor testing – 2 minutes
  3. Wagner Amendment – Applies the bill’s investor testing requirements only to applicable disclosure documents developed after January 21, 2021 – that is, following the next presidential election cycle, despite the fact that evidence shows that existing disclosures are not well understood by retail investors – 2 minutes
  4. (IF REQUESTED) Casten/Maloney, Sean Amendment – Appropriately clarifies that the term “retail investor” does not mean an institutional investor – 2 minutes
  5. Final Passage of H.R. 1815 – SEC Disclosure Effectiveness Testing Act (Rep. Casten – Financial Services) – VOTE YES – 5 minutes
These are the last votes for the day
 
**Members are advised that there will be a moment of silence during this vote series to honor the passing of Rep. Elijah Cummings of Maryland.  Members are further advised that the House will adjourn in honor of Rep. Cummings immediately following the vote series. 

If you have any questions please contact: Shuwanza Goff, Ray Salazar, or Deborah Rowe at 5-3130.