U.S. Congress - H.R.1965 To amend the securities laws to establish certain thresholds for shareholder registrati...
H.R.1965 - To amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes.
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- Official: To amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes. as introduced.
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Bill's Views
- Today: 3
- Past Seven Days: 12
- All-Time: 1,796
Latest Vote
Result: Passed - November 02, 2011
Roll call number 819 in the House
Question: On Motion to Suspend the Rules and Pass, as Amended: H R 1965 To amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes
Required percentage of 'Aye' votes: 2/3 (66%)
Percentage of 'aye' votes:
96%
Official Summary
11/2/2011--Passed House amended. Amends the Securities Exchange Act of 1934 to increase from $1 million to $10 million the shareholder registration threshold for an issuer of securities. Requires an issuer that is either a bank or a bank holding company to register a security with the SecuOfficial Summary
11/2/2011--Passed House amended. Amends the Securities Exchange Act of 1934 to increase from $1 million to $10 million the shareholder registration threshold for an issuer of securities. Requires an issuer that is either a bank or a bank holding company to register a security with the Securities and Exchange Commission (SEC) if its assets exceed $10 million and include a certain class of equity security held of record by 2,000 or more persons. Requires termination of a security registration in the case of a bank or a bank holding company if the number of holders of record of the class of security is reduced to less than 1,200. Repeals periodic reporting requirements also for such a bank or bank holding company. Directs the Chief Economist and the Director of the Division of Corporation Finance of the SEC to conduct a joint cost-benefit analysis of shareholder registration thresholds. Directs the SEC to issue final regulations to implement this Act not later than 1 year after its date of enactment....Read the Rest
Organizations Supporting H.R.1965
- Independent Community Bankers of America
- National Venture Capital Association
- U. S. Chamber of Commerce
- American Bankers Association
Organizations Opposing H.R.1965
- None via MapLight at this time.
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