Sec. 202. Encouraging investments in Main Street
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/bill/118/s/5139/is/section-202·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Not later than 180 days after the date of enactment of this Act, the Commission, in consultation with the Secretary of Labor, shall conduct a study that examines the impact of limiting retail investors and defined contribution plans (as defined in section 3 of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1002 )) from investing in private placements, which shall consider— the growth of private markets; the overall decline in the number of issuers, the securities of which are listed on national securities exchanges; the impact of retail investors having fewer investment opportunities; the benefits of fiduciary management; and the benefits of investment diversification and improve investment growth opportunities for long-term investors.
Not later than 1 year after the date of enactment of this Act, the Commission shall submit to the Committee on Banking, Housing, and Urban Affairs of the Senate, the Committee on Finance of the Senate, the Committee on Financial Services of the House of Representatives, and the Committee on Ways and Means of the House of Representatives a report containing the results of the study conducted under subsection (a).
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Sec. 202
Encouraging investments in Main Street
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