S. 1941 · 112th Congress
A bill to amend the securities laws to establish certain thresholds for shareholder registration, and for…
Full title
A bill to amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes.
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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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HutchisonSponsor13 cosponsors · 3 D, 10 R
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Blunt
JB
R
Boozman
SC
R
Chambliss
MC
R
Crapo
JM
R
Moran
CM
D
McCaskill
MP
D
Pryor
RS
R
Shelby
PT
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Toomey
DV
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Vitter
RW
R
Wicker
JS
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Sessions
BN
D
Nelson11 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Amends the Securities Exchange Act of 1934 regarding registration of securities to modify the registration threshold for an issuer that is either a bank or a bank holding company as well as for an issuer that is neither a bank nor a bank holding company.
What it does: CRS summary · Introduced in Senate · Dec 5, 2011
Amends the Securities Exchange Act of 1934 regarding registration of securities to modify the registration threshold for an issuer that is either a bank or a bank holding company as well as for an issuer that is neither a bank nor a bank holding company.
Raises from $1 million to $10 million the threshold for total assets of an issuer that requires registration of a certain class of equity security. Divides the holding threshold that requires registration of such a class of equity security, however, into: (1) 2,000 holders of record if the issuer is a bank or a bank holding company, and (2) 500 holders of record if the issuer is neither.
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.
Directs the Securities and Exchange Commission (SEC) to promulgate implementing regulations.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: A bill to amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes.
Latest action (Dec 5, 2011): Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Policy area: Finance and Financial Sector · Origin: Senate · Introduced: Dec 5, 2011
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.