House vote: H.R. 4279 // January 17, 2018Needed two-thirds to pass
Expanding Investment Opportunities Act
Sponsor: Trey Hollingsworth (R-IN)
(Sec. 2) This bill directs the Securities and Exchange Commission to revise registration rules to allow a closed-end company to use offering and proxy rules currently available to other issuers of securities, thereby reducing filing requirements and restrictions on communications with investors in certain circumstances. (A closed-end company is a publicly traded investment management company that sells a limited number of shares to investors in an initial public offering.)
Finance and Financial Sector Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 3.5% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 418 | 96.0% |
| Nay | Lost | 2 | 0.5% |
| Not represented on this question | No position taken | 0 | 3.5% |