releases: https://web.archive.org/web/20140221112559/http://hanabusa.house.gov/press-release/us-rep-hanabusa-votes-keep-financial-market-more-transparent-protect-investors
Data license: MIT · Data source: dwillis/congress-press
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| url | title | date | year | month | party | chamber | state | member_name | bioguide_id | domain | scraper | source | date_source | text | has_text | collected_at | updated_at |
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| https://web.archive.org/web/20140221112559/http://hanabusa.house.gov/press-release/us-rep-hanabusa-votes-keep-financial-market-more-transparent-protect-investors | U.S. Rep. Hanabusa Votes to Keep Financial Market More Transparent, Protect Investors | 2013-12-04 | 2013 | 2013-12 | Democrat | House | HI | Colleen Hanabusa | H001050 | web.archive.org | legacy | Washington, D.C. – U.S. Representative Colleen Hanabusa (HI-01) voted against a controversial bill that would undermine Wall Street reforms. Instead of improving the Dodd-Frank Wall Street and Consumer Protection Act, H.R. 1105 exempts the vast majority, if not all, of private equity investment advisors from registration and reporting requirements with the Securities and Exchange Commission (SEC) that make the financial market more transparent and protect investors. “In the end, my vote came down to balancing the regulatory requirements placed on private equity funds with the safety and security of our financial system,” said Hanabusa. “The ability to manage and monitor risks in all investment areas is crucial to ensuring that another 2008 financial crisis does not happen again, and I could not vote to create a loophole that would exempt almost all private equity firms from oversight, while weakening investor protections. The financial sector has shown no lack of creativity in exploiting gaps in our regulatory framework, and I am firmly convinced that we need to maintain these critical protections.” Currently, the Dodd-Frank Act requires private equity funds (and hedge funds) with more than $150 million of assets under management to register with the SEC as investment advisers and disclose information about their trades and portfolios. These firms must have in place a compliance officer and code of ethics, and disclose if any employees have violated securities laws and any conflicts of interest— critical investor protections needed as the SEC has brought enforcement actions against private equity funds involving insider trading, improper asset valuation, and misappropriation of assets. H.R. 1105, which passed the House by a vote of 254-159, is opposed by the Obama Administration and the Senate isn’t expected to take up the bill. | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |