2024: Fitzpatrick Voted Against Including Certain Investors In The
Definition Of Accredited Investors. In March 2024, Fitzpatrick voted
against , according to Congressional Quarterly, the "Sherman, D-Calif.,
amendment no. 5 that would include an individual in the current law
definition of an accredited investor, with respect to a proposed
transaction involving a private offering, if the amount of an
individual's transaction is no more than 5 percent of their net worth
and the individual's aggregate investment at the completion of such
transaction, in securities where there has not been a public offering,
is no more than 25 percent of their net worth." The vote was on the
amendment. The House rejected the amendment by a vote of 203 to 223.
[House Vote 72, 3/7/24;
Congressional Quarterly, 3/7/24;
Congressional Actions, H.R.
2799]
2024: Fitzpatrick Voted To Exempt Certain Public School And Nonprofit
Retirement Plans From The Defintion Of An Investment Company. In March
2024, Fitzpatrick voted for , according to Congressional Quarterly, the
"Lucas, R-Okla., amendment no. 3, that would exempt from the definition
of an investment company in current law certain 403(b) retirement plans
for public schools and other nonprofits to allow them to invest in
collective investment trusts and insurance contracts." The vote was on
the amendment. The House adopted the amendment by a vote of 301 to 125.
[House Vote 70, 3/7/24;
Congressional Quarterly, 3/7/24;
Congressional Actions, H.R.
2799]