H.R. 2374Retail Investor Protection Act

3 recorded actions105 of these members are on the 2026 ballotWhat the measure does Read on Congress.gov

Sponsor: Ann Wagner [R-MO-02]
Cosponsors: 1 · 1 Democrat
Policy area: Finance and Financial Sector
Committees: Financial Services Committee, Education and Workforce Committee · and 1 more
Latest action: Oct 30, 2013 · Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

IntroducedJun 14, 2013
Passed the HouseOct 29, 2013
Passed the SenateNot yet reached
Sent to the PresidentNot yet reached
Became lawNot yet reached

What the measure doesCRS summary

(This measure has not been amended since it was reported to the House on September 25, 2013. The summary of that version is repeated here.)

Retail Investor Protection Act - Prohibits the Secretary of Labor from prescribing any regulation under the Employee Retirement Income Security Act of 1974 (ERISA) defining the circumstances under which an individual is considered a fiduciary until 60 days after the Securities and Exchange Commission (SEC) issues a final rule governing standards of conduct for brokers and dealers under specified law.

(Sec. 3) Amends the Securities Exchange Act of 1934 to prohibit the SEC from promulgating a rule establishing an investment advisor standard of conduct as the standard of conduct of brokers and dealers before it has ascertained: (1) if retail customers are systematically harmed or disadvantaged owing to the operation of brokers or dealers under different standards of conduct than those that apply to investment advisors under the Investment Advisers Act of 1940, and (2) whether adoption of a uniform fiduciary standard of care for brokers or dealers and investment advisors would adversely impact retail investor access or availability to personalized investment advice and recommendations.

Requires the SEC: (1) to publish in the Federal Register formal findings that such rules would reduce retail customer confusion regarding standards of conduct applicable to brokers, dealers, and investment advisors; and (2) in proposing such rules, to consider the differences in the registration, supervision, and examination requirements applicable to brokers, dealers, and investment advisors.

Written by the nonpartisan Congressional Research Service, describing H.R. 2374 as passed House amended on Oct 29, 2013. It is not the text of the measure; a later amendment may have changed what it does.

Roll calls on H.R. 23743 roll calls on this measure

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Oct 29, 2013Each bar: ✓ Yea from the bottom, ✕ Nay aboveOct 29, 2013

How every member votedHouse roll call 567

House Oct 29, 2013 · the primary vote

On Passage

Retail Investor Protection Act

Passed

254 Yea 166 Nay 10 not voting

Party-line vote 31 of 420 voting members broke with their own party: 30 Democrats, 1 Republican.

Open the official roll call

How the chamber split

One dot per member. Select a seat or a bar to filter the list.

DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present

By party select a segment to filter

All members430 members

Democratic200 members

Republican230 members

marks half of the votes cast. A party’s majority is the side most of its voting members took.

Cosponsors1 · 1 Democrat

Signing on is not a vote: a member can cosponsor H.R. 2374 and vote against it. 0 signed when it was filed.

DPatrick Murphy [D-FL-18]Joined Sep 19, 2013

Loading the public record

Who lobbied on H.R. 237448 organizations

Organizations that named H.R. 2374 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.

FINANCIAL SERVICES INSTITUTEfiled by FINANCIAL SERVICES INSTITUTE, ERIS GROUPIts PAC: Financial Services Institute PAC

Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code · Banking · Labor Issues/Antitrust/Workplace +1 more15 filings · 2nd Quarter (Apr 1 - June 30) 2013Filing

PRINCIPAL FINANCIAL GROUPfiled by PRINCIPAL FINANCIAL GROUP, CAPITOL COUNSEL LLC

Taxation/Internal Revenue Code · Retirement · Health Issues · Trade (domestic/foreign) +5 more14 filings · 4th Quarter (Oct 1 - Dec 31) 2014Filing

SECURITIES INDUSTRY AND FINANCIAL MARKETS ASSOCIATIONIts PAC: Securities Industry & Financial Markets Association PAC

Financial Institutions/Investments/Securities · Banking · Commodities (big ticket) · Taxation/Internal Revenue Code +1 more11 filings · 4th Quarter (Oct 1 - Dec 31) 2014Filing

WELLS FARGO & COMPANYIts PAC: Wells Fargo and Co. Employee PAC

Small Business · Financial Institutions/Investments/Securities · Banking · Agriculture +3 more10 filings · 4th Quarter (Oct 1 - Dec 31) 2013Filing

AMERICAN COUNCIL OF LIFE INSURERSIts PAC: American Council of Life Insurers PAC

Consumer Issues/Safety/Products · Retirement · Insurance · Trade (domestic/foreign) +2 more9 filings · 4th Quarter (Oct 1 - Dec 31) 2014Filing

MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANYfiled by MASSACHUSETTS MUTUAL LIFE INSURANCE COMPANY, PORTERFIELD, FETTIG & SEARS, LLCIts PAC: Massachusetts Mutual Life Insurance Co. PAC

Financial Institutions/Investments/Securities · Taxation/Internal Revenue Code · Retirement · Health Issues +1 more9 filings · 4th Quarter (Oct 1 - Dec 31) 2014Filing

FINSECAIts PAC: Finseca PAC

Taxation/Internal Revenue Code · Financial Institutions/Investments/Securities · Insurance8 filings · 4th Quarter (Oct 1 - Dec 31) 2014Filing

NATIONAL ASSOCIATION OF INSURANCE AND FINANCIAL ADVISORSIts PAC: National Association of Insurance & Financial Advisors Political Action Comm

Financial Institutions/Investments/Securities · Health Issues · Taxation/Internal Revenue Code · Retirement +2 more8 filings · 4th Quarter (Oct 1 - Dec 31) 2014Filing

AARP

Retirement · Health Issues · Family issues/Abortion/Adoption · Pharmacy +16 more7 filings · 4th Quarter (Oct 1 - Dec 31) 2014Filing

AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTSIts PAC: American Institute of Certified Public Accountants PAC

Labor Issues/Antitrust/Workplace · Taxation/Internal Revenue Code · Banking · Retirement +5 more7 filings · 4th Quarter (Oct 1 - Dec 31) 2014Filing

257 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.