# 117-hr-4620: To amend the Investment Advisers Act of 1940 to limit the exemption provided for family offices from the definition of an investment adviser, and for other purposes.

117-hr-4620, To amend the Investment Advisers Act of 1940 to limit the exemption provided for family offices from the definition of an investment adviser, and for other purposes., is a 117th Congress bill sponsored by Rep. Ocasio-Cortez, Alexandria [D-NY-14] (D-NY); status Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22. (as of 2026-10-15).

- Canonical: https://policyrisk.com/legislation/117-hr-4620
- As of: 2026-10-15
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 117-hr-4620
- Congress: 117
- Title: To amend the Investment Advisers Act of 1940 to limit the exemption provided for family offices from the definition of an investment adviser, and for other purposes.
- Status: Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 27 - 22.
- Introduced: 2021-07-22
- Sponsor: Rep. Ocasio-Cortez, Alexandria [D-NY-14] (D-NY)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: no
- Last recorded action: 2026-10-15

## Summary

To amend the Investment Advisers Act of 1940 to limit the exemption provided for family offices from the definition of an investment adviser, and for other purposes.

## Cosponsors (1)

- Rep. Green, Al [D-TX-9] (D-TX), 2021-07-29T00:00:00.000Z

## Related bills

- 117-hr-8404: Respect for Marriage Act
- 117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act
- 117-hres-1353: Recognizing Hispanic Heritage Month and celebrating the heritage and culture of Latinos in the United States and the immense contributions of Latinos to the Un…
- 117-hr-8778: Home Internet Accessibility Act
- 117-hr-8770: Expanding the VOTE Act
- 117-hr-8535: Shirley Chisholm Congressional Gold Medal Act

## Sources
- [117-hr-4620 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/4620)

## Related
- [117-hr-8404: Respect for Marriage Act](https://policyrisk.com/legislation/117-hr-8404)
- [117-hr-1842: Harriet Tubman Bicentennial Commemorative Coin Act](https://policyrisk.com/legislation/117-hr-1842)
- [117-hres-1353: Recognizing Hispanic Heritage Month and celebrating the heritage and culture of…](https://policyrisk.com/legislation/117-hres-1353)
- [117-hr-8778: Home Internet Accessibility Act](https://policyrisk.com/legislation/117-hr-8778)
- [117-hr-8770: Expanding the VOTE Act](https://policyrisk.com/legislation/117-hr-8770)
- [117-hr-8535: Shirley Chisholm Congressional Gold Medal Act](https://policyrisk.com/legislation/117-hr-8535)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-4620 (as of 2026-10-15).