House · Roll call 148 · 1st session · May 15, 2013 A vote to pass H.R. 701, which would set an SEC deadline to add a class of securities to those exempted under the Securities Act of 1933.

How each party voted

About this vote

Suspension of the rules limits debate and requires two-thirds of those voting for passage; "as amended" means the bill is voted on with an amendment included. The bill sets October 31, 2013, as the deadline for the Commission to add a class of domestic securities to those already exempted from regulation under that Act. The vote is held under suspension of the rules, on the bill as amended; SEC stands for the Securities and Exchange Commission.

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Summary by the Congressional Research Service

Amends the Securities Act of 1933 to set October 31, 2013, as the deadline for the Securities and Exchange Commission (SEC) to add a class of domestic securities to those already exempted from regulation under that Act in accordance with specified terms and conditions, including that: (1) the aggregate offering amount of all securities offered and sold within the prior 12-month period in reliance on the new exemption shall not exceed $50 million, (2) the securities may be offered and sold publicly, and (3) they shall not be restricted securities under federal securities laws and regulations.