To amend the Investment Advisers Act of 1940 to require investment advisers who advise a private fund that owns an emergency services company to disclose to the Securities and Exchange Commission the average response times of emergency vehicles deployed by such company in response to 9-1-1 calls, and for other purposes.
United States115th CongressHR-6155House of Representatives
Updated: Jun 19, 2018
Summary
9-1-1 Emergency Service Protection Act This bill amends the Investment Advisers Act of 1940 to require a registered investment adviser who advises a private fund that owns a controlling interest in an emergency services company to disclose to the Securities and Exchange Commission, at least annually: the change in the average response time of emergency vehicles since the private fund acquired a controlling interest in the company, the percentage of response times that failed to meet a response time required by contract or local ordinance, and a description of the impact of any such failure on the value of the company to the private fund.
Bill texts
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Timeline
Referred to the House Committee on Financial Services.
House of Representatives
Introduced in House
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