H.R. 6155 · 115th Congress
9-1-1 Emergency Service Protection Act
- Stage
- In committee
- Sponsor
- Norma Torres
- Introduced
- 2018-06-19
- Latest action
- 2018-06-19 · Introduced in House
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.