Investor Protection Act Passes House Financial Services Committee
The Investor Protection Act passed the House Financial Services Committee (the “Committee”) on November 4, 2009 on a party-line vote. The bill (the “Committee Bill”) modified the draft originally introduced in the Committee by Rep. Paul Kanjorski (the “Kanjorski Draft”),1 and was modeled on a July 2009 Administration Proposal. Consideration of the Committee Bill on the House floor has not yet been scheduled, and the Senate has not yet made public its version of the bill.
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