The Securities Exchange Act of 1934 has been a living, breathing document; but in those subsequent years from 1934, there has never been a definition of either ``retail investor'' or ``institutional investor,'' and to hang an amendment on…
Bill Huizenga
The Public Record
Bill Huizenga is an American politician serving as the U.S. Representative for Michigan's 2nd congressional district since January 5, 2011. A member of the Republican Party, Huizenga has focused on issues such as economic development, job creation, and fiscal responsibility during his time in office. He has been involved in various legislative efforts and has served on multiple committees, contributing to discussions on national security and local economic issues.
Just to address a couple of things: This bill clearly says it will add Form CRS to the list of exempted disclosures that would not require SEC investor testing. It has nothing to do with cryptocurrencies unless, somehow, magically, a…
May I inquire how much time is remaining on each side and whether the gentlewoman is prepared to close at this time. The CHAIR. The gentleman from Michigan has 21\1/2\ minutes remaining. The gentlewoman from California has 14 minutes…
I share my colleague's concerns about the challenges that senior investors face. I have had that with my own parents, who, unfortunately, are no longer with us. But I was a part of those investment discussions and decisions, and I had a…
My amendment is very simple. It would add Form CRS to the list of exempted disclosures that would not require SEC investor testing. They have gone through it. Now, you just heard one of my colleagues talk about why somebody would oppose…
I include in the Record the following letters: An October 16, 2019, letter from the SIFMA expressing support for both of my amendments that exempt Regulation Best Interest and Form CRS from the bill's requirements, and the gentlewoman from…
I demand a recorded vote. The CHAIR. Pursuant to clause 6 of rule XVIII, further proceedings on the amendment offered by the gentleman from Michigan will be postponed. Amendment No. 2 Offered by Mr. Gottheimer The CHAIR. It is now in order…
I have an amendment at the desk. The CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 2, line 17, after ``Guides),'' insert the following: ``Form CRS''. The CHAIR. Pursuant to House Resolution…
I thank my colleague and friend for yielding. Nobody is opposed to the idea of investor testing of SEC disclosure documents. By the way, neither is the SEC. They just proved that, as we know, from their testing of Form CRS. What I am…
I am prepared to close. I am curious on the remaining balance of time on both sides. The CHAIR. The gentleman from Michigan has 2 minutes remaining. The gentleman from New Jersey has 2 minutes remaining.
Again, my opposition to the amendment has nothing to do with putting seniors in danger. In fact, that is why I supported a litany of bills and a package of bills that included the author's Senior Security Act this last April. The House is…
I appreciate the ranking member allowing me this time. Let's set aside the moral and societal aspects of cannabis and the debate and acknowledge that we have a problem. We do have a problem. We have States that have decided to violate…





