Summary of Amendments Submitted to the Rules Committee for H.R. 2374 - Retail Investor Protection Act

Summaries Derived from Information Provided by Sponsors

Listed in Alphabetical Order

Oct 28, 2013 5:31 PM

Click on sponsor for amendment text.

Conyers (MI)

#3

WITHDRAWN SUBSTITUTE Requires a study of the effect of current investment industry practices on the standard of care provided to investors by persons providing investment advice, including effect on low-income investors.

Guthrie (KY)

#4

WITHDRAWN LATE Modifies the definition of fiduciary under the Employee Retirement Income Security Act of 1974 to exclude appraisers of employee stock ownership plans.

Meng (NY)

#2

Affirms that nothing in the Retail Investor Protection Act shall prohibit the SEC from issuing a rule requiring of publicly-traded corporations certain, limited disclosures of political expenditures.

Miller, George (CA), Conyers (MI)

#1

REVISED Authorizes the Department of Labor to issue a fiduciary duty rule that protects access to investment education and advice and assures the availability of reasonable compensation to financial service providers. Requires a study of the effect of current investment industry practices on the standard of care provided to investors by persons providing investment advice, including the effect on low-income investors.