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Amendments · HAMDT 127
FAILED· 119TH CONGRESS· HOUSE
House AmendmentHAMDT 127
Amendment sought to define and prohibit fees charged by Securities and Exchange Commission-registered individuals and entities that are not clearly disclosed or proportional to the services provided.
· LAST ACTION DEC 11
- Amendment, not the bill
- Failed — base text stands
- Effect depends on parent bill
DISPOSITION
FAILED
DEC 11
“On agreeing to the Waters amendment (A005) Failed by recorded vote: 214 - 215 (Roll no. 327). (consideration: CR H5792)”
OTHER AMENDMENTS TO THIS BILL
- HAMDT 125Amendment sought to require investment advisers and hedge funds to perform know-your-customer verification and implement…FAILED
- HAMDT 123Amendment sought to strike section 307 relating to enhancing multi-class share disclosures.FAILED
- HAMDT 126(no purpose recorded)FAILED
- HAMDT 124(no purpose recorded)ADOPTED
§ 03
SUMMARY
WHAT THIS CHANGES
This amendment tried to stop investment advisors and brokers from charging hidden or unfairly high fees. It failed to pass by a single vote, meaning these specific fee restrictions were not added to the larger bill.
§ 04
KEY POINTS
3POINT 01
Fee Transparency
Investors would have had a clearer understanding of exactly what they are paying for when using financial services.
POINT 02
Proportional Charging
It would have prevented firms from charging high fees for simple tasks, ensuring costs align with the actual work performed.
POINT 03
Extremely Close Vote
The amendment failed by a single vote (214 to 215), highlighting a sharp division in Congress over how much to regulate the financial services industry.
§ 05
SPONSORSHIP
1 + 0
D· California
§ 06
ACTION TIMELINE
6 EVENTSDEC 11
DEC 11
On agreeing to the Waters amendment (A005) Failed by recorded vote: 214 - 215 (Roll no. 327). (consideration: CR H5792)
DEC 11
House amendment not agreed to: On agreeing to the Waters amendment (A005) Failed by recorded vote: 214 - 215 (Roll no. 327). (consideration: CR H5792)
§ 07
AMENDMENT INFO
TypeHouse Amendment
NumberHAMDT 127
Congress119th
ChamberHouse
StatusFAILED
SubmittedDec 10, 2025
Last actionDec 11, 2025
§ 09
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FAILED· 119TH CONGRESS · HOUSE
House AmendmentHAMDT 127
Amendment sought to define and prohibit fees charged by Securities and Exchange Commission-registered individuals and entities that are not clearly disclosed or proportional to the services provided.
An amendment numbered 5 printed in Part B of House Report 119-399 to define and prohibit fees charged by SEC-registered individuals and entities that are not clearly disclosed or proportional to the services provided.
· SUBMITTED DEC 10, 2025· LAST ACTION DEC 11, 2025
DISPOSITION
FAILED
COSPONSORS
0
DAYS SINCE ACTION
288
