To amend the Investment Company Act of 1940 to postpone the date of payment or satisfaction upon redemption of certain securities in the case of the financial exploitation of specified adults, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires redemption of certain securities postponed Section 22 of the Investment Company Act of 1940 (15 U.S.C. It relies on definition changes, reporting requirements, compliance mandates, and exemptions. The main policy areas are Finance and Financial Services.
Who Benefits and How
Lobbyists, political organizations, and disclosure users affected by the bill could face lower compliance burdens, Financial services firms and customers affected by the bill could face lower compliance burdens, and Businesses and employers affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Requires redemption of certain securities postponed Section 22 of the Investment Company Act of 1940 (15 U.S.C.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires redemption of certain securities postponed Section 22 of the Investment Company Act of 1940 (15 U.S.C.
Key Policy Areas
Finance, Financial Services
Primary Purpose
The bill requires redemption of certain securities postponed Section 22 of the Investment Company Act of 1940 (15 U.S.C.
Policy Domains
Whole bill
Identified Gains
- Lobbyists, political organizations, and disclosure users affected by the bill
- Financial services firms and customers affected by the bill
- Businesses and employers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Bill Hagerty
R-TN | Primary Sponsor
Legislative Progress
IntroducedMr. Hagerty (for himself and Mr. Tester) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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