PlainBillCongress, translated.Legislation. Context. Public interest.Message on House action received in Senate and at the desk: House amendment to Senate bill.
Congressional Research Service
Version 35 · Passed Senate amended · Nov 20, 1993
Investment Adviser Oversight Act of 1993 - Amends the Investment Advisers Act of 1940 to authorize the Securities and Exchange Commission to establish fees to recover the costs of: (1) enhanced efforts to register all persons required to be registered under the Act; and (2) enhanced supervision and regulation of investment advisers and their activities. Requires advisers to pay such fees at the time of filing an application for registration. Authorizes the Commission to: (1) suspend the registration of an investment adviser for failure to make timely fee payments; (2) reinstate such registration upon payment of the fee if the suspension was based solely on failure to pay it; and (3) require an adviser to file any required fee, application, report, or notice through any person the Commission designates and to pay reasonable filing costs. Authorizes the Commission to require that registered advisers be bonded against larceny and embezzlement. Directs the Commission to study: (1) the availability of fidelity bonds for large and small-scale investment advisers and advisers located in non-urban areas; and (2) the impact of this Act's bonding requirements upon the competitive position of small-scale investment advisers. Prohibits the Commission from requiring investment advisers from obtaining a fidelity bond if: (1) the bonds are not reasonably or readily available in their locality; or (2) if the cost of obtaining the bonds would have a substantial adverse impact upon such advisers' competitive positions.
People & committees
Sen. Dodd, Christopher J. [D-CT] · D–CT
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Message on House action received in Senate and at the desk: House amendment to Senate bill.
Motion to reconsider laid on the table Agreed to without objection.
On passage Passed without objection.
Passed/agreed to in House: On passage Passed without objection.
Considered by unanimous consent. (consideration: CR H10951-10957)
Mr. Markey asked unanimous consent to discharge from committee and consider.
Committee on Energy and Commerce discharged.
Committee on Energy and Commerce discharged.
Referred to the Subcommittee on Telecommunications and Finance.
Referred to the House Committee on Energy and Commerce.
Received in the House.
Message on Senate action sent to the House.
Passed Senate with amendments by Voice Vote. (consideration: CR S16861-16862)
Passed/agreed to in Senate: Passed Senate with amendments by Voice Vote.(consideration: CR S16861-16862)
Placed on Senate Legislative Calendar under General Orders. Calendar No. 277.
Committee on Banking. Reported to Senate by Senator Riegle with amendments. With written report No. 103-177.
Committee on Banking. Reported to Senate by Senator Riegle with amendments. With written report No. 103-177.
Committee on Banking. Ordered to be reported with amendments favorably.
Read twice and referred to the Committee on Banking.
Sponsor introductory remarks on measure. (CR S2011-2013, S2015)
Introduced in Senate
Primary sources
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Source last updated: Jan 14, 2025. Consult Congress.gov for the current record.
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