H.R. 4620 explained · 117th Congress · Not enacted (117th Congress ended)
To amend the Investment Advisers Act of 1940 to limit the exemption provided for family offices from the definition of an investment adviser, and for other purposes.
Introduced: 2021-07-22
Latest action (2021-07-29): Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22.
What H.R. 4620 does, in plain terms
The Congressional Research Service has not published a summary of H.R. 4620 yet. Its official title: “To amend the Investment Advisers Act of 1940 to limit the exemption provided for family offices from the definition of an investment adviser, and for other purposes.”.
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