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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Introduced
 
House
Passed
 
Senate
Passes
 
President
Signs
 

 
05/24/11
 
11/02/11
 
 
 
 
 

Sponsor

Representative

James Himes

D-CT

View Co-Sponsors (18)
 

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

 

Official Summary

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 (SE

Official Summary

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.

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Organizations Supporting H.R.1965

  • National Venture Capital Association
  • Independent Community Bankers of America
  • U. S. Chamber of Commerce
  • American Bankers Association

Organizations Opposing H.R.1965

  • None via MapLight at this time.




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