HR 2799
Expanding Access to Capital Act of 2023
Official facts
These fields are copied from the synchronized official record.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Lifecycle
This section is generated by FederalStateData from accepted bill actions and remains labeled as derived.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors and cosponsors
| Member | Party | Role | Sources |
|---|---|---|---|
| Patrick T. McHenry | Republican Party | PRIMARY |
Actions
Mar 11, 2024 · IntroReferral
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 8, 2024 · Floor
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
Mar 8, 2024 · Floor
Considered as unfinished business. (consideration: CR H1038-1048)
Mar 8, 2024 · Floor
POSTPONED PROCEEDINGS - At the conclusion of debate on the Lynch amendment No. 8, the Chair put the question on agreeing to the amendment and by voice vote, announced the noes had prevailed. Mr. Lynch demanded a recorded vote, and the Chair postponed further proceedings until a time to be announced.
Mar 8, 2024 · Floor
Passed/agreed to in House: On passage Passed by recorded vote: 212 - 205 (Roll no. 78).
Mar 8, 2024 · Floor
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Waters amendment No. 9.
Mar 8, 2024 · Floor
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Houlahan amendment No. 6.
Mar 8, 2024 · Floor
POSTPONED PROCEEDINGS - At the conclusion of debate on the Tlaib amendment No. 7, the Chair put the question on agreeing to the amendment and by voice vote, announced the noes had prevailed. Ms. Tlaib demanded a recorded vote, and the Chair postponed further proceedings until a time to be announced.
Mar 8, 2024 · Floor
On passage Passed by recorded vote: 212 - 205 (Roll no. 78).
Mar 8, 2024 · Floor
POSTPONED PROCEEDINGS - At the conclusion of debate on the Houlahan amendment No. 6, the Chair put the question on agreeing to the amendment and by voice vote, announced the noes had prevailed. Ms. Houlahan demanded a recorded vote, and the Chair postponed further proceedings until a time to be announced.
Mar 8, 2024 · Floor
Ms. Houlahan moved to recommit to the Committee on Financial Services. (text: CR H1040, H1046)
Mar 8, 2024 · Floor
POSTPONED PROCEEDINGS - At the conclusion of debate on the Waters amendment No. 9, the Chair put the question on agreeing to the amendment and by voice vote, announced that the noes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
Mar 8, 2024 · Floor
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Lynch amendment No. 8.
Mar 8, 2024 · Floor
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 2799.
Mar 8, 2024 · Floor
On motion to recommit Failed by the Yeas and Nays: 205 - 213 (Roll no. 77).
Mar 8, 2024 · Floor
The previous question was ordered pursuant to the rule.
Mar 8, 2024 · Floor
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Tlaib amendment No. 7.
Mar 8, 2024 · Floor
The House resolved into Committee of the Whole House on the state of the Union for further consideration.
Mar 8, 2024 · Floor
Motion to reconsider laid on the table Agreed to without objection.
Mar 8, 2024 · Floor
The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
Mar 7, 2024 · Floor
Committee of the Whole House on the state of the Union rises leaving H.R. 2799 as unfinished business.
Mar 7, 2024 · Floor
The House resolved into Committee of the Whole House on the state of the Union for further consideration.
Mar 7, 2024 · Floor
Considered as unfinished business. (consideration: CR H1021-1025)
Mar 7, 2024 · Floor
Mrs. Wagner moved that the committee rise.
Mar 7, 2024 · Floor
On motion that the committee rise Agreed to by voice vote.
Mar 6, 2024 · Floor
Committee of the Whole House on the state of the Union rises leaving H.R. 2799 as unfinished business.
Mar 6, 2024 · Floor
Mrs. Wagner moved that the committee rise.
Mar 6, 2024 · Floor
On motion that the committee rise Agreed to by voice vote.
Mar 6, 2024 · Floor
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Sherman amendment No. 5.
Mar 6, 2024 · Floor
POSTPONED PROCEEDINGS - At the conclusion of debate on the Lawler amendment No. 1, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
Mar 6, 2024 · Floor
POSTPONED PROCEEDINGS - At the conclusion of debate on the Sherman amendment No. 5, the Chair put the question on agreeing to the amendment and by voice vote, announced that the noes had prevailed. Mrs. Wagner demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
Mar 6, 2024 · Floor
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Lawler amendment No. 1.
Mar 6, 2024 · Floor
Rule provides for consideration of H.R. 2799 and H.R. 7511. Resolution provides for consideration of H.R. 2799, under a structured rule with one hour of general debate and one motion to recommit. The resolution provides for consideration of H.R. 7511 under a closed rule with one hour of general debate and one motion to recommit.
Mar 6, 2024 · Floor
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 1052 and Rule XVIII.
Mar 6, 2024 · Floor
POSTPONED PROCEEDINGS - At the conclusion of debate on the Wagner amendment No. 4, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
Mar 6, 2024 · Floor
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Wagner amendment No. 4.
Mar 6, 2024 · Floor
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Huizenga amendment No. 2.
Mar 6, 2024 · Floor
Considered under the provisions of rule H. Res. 1052. (consideration: CR H972-988; text: CR H977-981)
Mar 6, 2024 · Floor
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 2799.
Mar 6, 2024 · Floor
POSTPONED PROCEEDINGS - At the conclusion of debate on the Huizenga amendment No. 2, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Mr. Huizenga demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
Mar 6, 2024 · Floor
DEBATE - Pursuant to the provisions of H. Res. 1052, the Committee of the Whole proceeded with 10 minutes of debate on the Lucas amendment No. 3.
Mar 6, 2024 · Floor
The Speaker designated the Honorable Brad R. Wenstrup to act as Chairman of the Committee.
Mar 6, 2024 · Floor
POSTPONED PROCEEDINGS - At the conclusion of debate on the Lucas amendment No. 3, the Chair put the question on agreeing to the amendment and by voice vote, announced that the ayes had prevailed. Ms. Waters demanded a recorded vote and the Chair postponed further proceedings until a time to be announced.
Mar 5, 2024 · Floor
Rules Committee Resolution H. Res. 1052 Reported to House. Rule provides for consideration of H.R. 2799 and H.R. 7511. Resolution provides for consideration of H.R. 2799, under a structured rule with one hour of general debate and one motion to recommit. The resolution provides for consideration of H.R. 7511 under a closed rule with one hour of general debate and one motion to recommit.
Jul 17, 2023 · Committee
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-143, Part I.
Jul 17, 2023 · Calendars
Placed on the Union Calendar, Calendar No. 112.
Jul 17, 2023 · Committee
Committee on Education and the Workforce discharged.
Jul 17, 2023 · Discharge
Committee on Education and the Workforce discharged.
Apr 26, 2023 · Committee
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 28 - 21.
Apr 26, 2023 · Committee
Committee Consideration and Mark-up Session Held.
Apr 24, 2023 · IntroReferral
Introduced in House
Apr 24, 2023 · IntroReferral
Referred to the Committee on Financial Services, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Amendments
Amendment sought to require any investment adviser, private fund, or investment company that is subject to the bill to annually and publicly disclose their investments into women-owned, minority-owned, veteran-owned, rural-domiciled, and other businesses.
Amendment sought to provide that the bill may take effect only when the Securities and Exchange Commission, in consultation with State securities regulators, certifies to Congress that nothing in the bill will increase fraud.
Amendment sought to require the Advocate for Small Business Capital Formation to include in its report the effects of the failure of Silicon Valley Bank on community banks and small business lending.
Amendment sought to limit exemptions or benefits provided by the bill that do not impose junk fees.
Amendment allows a closed-end investment company, an entity that invests in securities using money raised in its initial public offering, to invest its assets in securities issued by private funds.
Amendment sought to allow an individual to invest not more than 5 percent of the net worth of the individual, excluding the individual's primary residence, in any one private offering. Also, the amendment sought to limit the aggregate investment of the individual in private offerings to 25 percent of the net worth of the individual excluding the individual's primary residence.
Amendment directs the Securities and Exchange Commission to promulgate rules with respect to the electronic delivery of certain required disclosures to investors.
Amendment modifies Federal securities laws to allow 403(b) plans to invest in collective investment trusts (CITs) and insurance contracts that currently may be invested in by comparable retirement plans, such as 401(k)s.
Amendment clarifies the definition of "general solicitation" and "angel investor" for purposes of the federal securities laws to ensure that startups can discuss their products and business plans at certain events, known as "demo days.".
Committees
| Committee | Chamber | Relationship | Source |
|---|---|---|---|
| Education and Workforce Committeehsed00 | HOUSE | REFERRED | Official relationship ↗ |
| Financial Services Committeehsba00 | HOUSE | REFERRED | Official relationship ↗ |
| Banking, Housing, and Urban Affairs Committeessbk00 | SENATE | REFERRED | Official relationship ↗ |