,i  #aae? ,,congress  #b;d ,session  ,h4
 ,r4 #faee  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,june #ai1 #bjah,mrs4 
,torres introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,f9ancial     
,s]vices  ,a ,,bill  ,to am5d !         
,inve/m5t ,advis]s ,act ( #aidj to      
require inve/m5t advis]s :o advise a    
private fund t owns an em]g5cy s]vices  
company to disclose to ! ,securities &  
,ex*ange ,commission ! av]age response  
times ( em]g5cy vehicles deploy$ by su* 
company 9 response to #i-a-a calls1 & = 
o!r purposes4  #a4 ,%ort title ,?is ,act
 may be cit$ z ! #i-a-a ,em]g5cy ,s]vice
 ,protection ,act4  #b4 ,report on      
em]g5cy vehicle response times (        
companies own$ by private funds  7a7 ,9 
g5]al ,section #bjd7;b7 ( ! ,inve/m5t   
,advis]s ,act ( #aidj 7#ae ,u4,s4,c4    
#hj;b-#d7;b77 is am5d$ by add+ at ! end 
! foll[+3  7#ab7 ,report on em]g5cy     
vehicle response times ( companies own$ 
by private funds  7,a7 ,9 g5]al ,ea*    
inve/m5t advis] requir$ to file annual  

or o!r reports "u ?is section & :o      
advises a private fund t owns a         
controll+ int]e/ 9 an em]g5cy s]vices   
company %all1 n less (t5 ?an annually1  
disclose to ! ,commission--  7i7 ! *ange
 9 ! av]age response "t ( em]g5cy       
vehicles s9ce ! private fund acquir$ a  
controll+ int]e/ 9 ! em]g5cy s]vices    
company1 disaggregated by ! response    
times ( em]g5cy vehicles deploy$ to--   
7,i7 rural areas2 &  7,,ii7 urban areas2
  7ii7 if a requir$ response "t is      
e/abli%$ by a contract = em]g5cy s]vices
 betwe5 ! em]g5cy s]vices company & a   
unit ( local gov]nm5t or by an ord9ance 
( a unit ( local gov]nm5t1 ! p]c5tage ( 
response times ( em]g5cy vehicles       
deploy$ by ! em]g5cy s]vices company to 
t unit ( local gov]nm5t t d n meet su*  
requirem5t2 &  7iii7 if ! response times
 fail$ to meet ! requir$ response "t    
describ$ "u clause 7ii71 a description (
 ! impact ( su* failure on ! value ( !  
em]g5cy s]vices company to ! private    
fund4  7,b7 ,def9itions ,= purposes (   

?is p>agraph3 7i7 ,em]g5cy s]vices      
company ,! t]m em]g5cy s]vices company  
means a company t provides ambulance1   
firefight]1 or o!r em]g5cy s]vices 9    
response to #i-a-a calls4  7ii7 ,em]g5cy
 vehicle ,! t]m em]g5cy vehicle means an
 ambulance1 fire eng9e1 or o!r vehicle  
deploy$ 9 response to a #i-a-a call4  4 
7b7 ,rulemak+ ,n lat] ?an #bgj days aft]
 ! date ( ! enactm5t ( ?is section1 !   
,commission %all issue regulations to   
c>ry out p>agraph 7#ab7 ( section       
#bjd7;b7 ( ! ,inve/m5t ,advis]s ,act (  
#aidj1 z add$ by subsection 7a74