H.R. 5913: Protecting Investors from Excessive SPACs Fees Act of 2021

CBO Score


Date of Report

Thu November 17th, 2022

Legislation Details

117th Congress

To prohibit registered investment advisers, brokers, and registered representatives of brokers from facilitating the transaction of or recommending the securities of certain special purpose acquisition companies unless certain disclosures are made, and for other purposes.

Sponsor: Rep. Brad Sherman — D — CA

Limits the transaction or recommendation by registered investment advisers to specified investors of securities belonging to certain special purpose acquisition companies and brokers. Special purpose acquisition companies raise capital through initial public offerings with the intent to acquire other companies. Specifically, these securities may not be recommended to a person who is not an accredited investor unless the re...

View the full vote history of this bill on GovTrack.us.

As a registered user, you receive personalized updates to your inbox or dashboard when elected officials vote to spend more of your money. Choose to receive updates daily, weekly, monthly, or as they happen.


Sign up below to receive updates when your Members of Congress vote for new spending increases or cuts.

Lost your Password?

Don't be sad- we've got your back. Just enter your email below and instructions on resetting your password will be sent to you.

+ + HIGH LOW +
+ + HIGH LOW +