,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #faee  ,,in ,,the ,,house ,,of  
,,representatives  ,june #ai1 #bjah,mrs4
 ,torres introduced the following bill2 
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
amend the ,investment ,advisers ,act of 
#aidj to require investment advisers who
 advise a private fund that owns an     
emergency services company to disclose  
to the ,securities and ,exchange        
,commission the average response times  
of emergency vehicles deployed by such  
company in response to #i-a-a calls1 and
 for other purposes4  #a4 ,short title  
,this ,act may be cited as the #i-a-a   
,emergency ,service ,protection ,act4   
#b4 ,report on emergency vehicle        
response times of companies owned by    
private funds  7a7 ,in general ,section 
#bjd7;b7 of the ,investment ,advisers   
,act of #aidj 7#ae ,u4,s4,c4            
#hj;b-#d7;b77 is amended by adding at   
the end the following3  7#ab7 ,report on
 emergency vehicle response times of    

companies owned by private funds  7,a7  
,in general ,each investment adviser    
required to file annual or other reports
 under this section and who advises a   
private fund that owns a controlling    
interest in an emergency services       
company shall1 not less often than      
annually1 disclose to the ,commission-- 
7i7 the change in the average response  
time of emergency vehicles since the    
private fund acquired a controlling     
interest in the emergency services      
company1 disaggregated by the response  
times of emergency vehicles deployed    
to--  7,i7 rural areas2 and  7,,ii7     
urban areas2  7ii7 if a required        
response time is established by a       
contract for emergency services between 
the emergency services company and a    
unit of local government or by an       
ordinance of a unit of local government1
 the percentage of response times of    
emergency vehicles deployed by the      
emergency services company to that unit 
of local government that do not meet    

such requirement2 and  7iii7 if the     
response times failed to meet the       
required response time described under  
clause 7ii71 a description of the impact
 of such failure on the value of the    
emergency services company to the       
private fund4  7,b7 ,definitions ,for   
purposes of this paragraph3 7i7         
,emergency services company ,the term   
emergency services company means a      
company that provides ambulance1        
firefighter1 or other emergency services
 in response to #i-a-a calls4  7ii7     
,emergency vehicle ,the term emergency  
vehicle means an ambulance1 fire engine1
 or other vehicle deployed in response  
to a #i-a-a call4  4  7b7 ,rulemaking   
,not later than #bgj days after the date
 of the enactment of this section1 the  
,commission shall issue regulations to  
carry out paragraph 7#ab7 of section    
#bjd7;b7 of the ,investment ,advisers   
,act of #aidj1 as added by subsection   
7a74