H.R. 4088 (112th): Capital Expansion Act

Introduced:
Feb 24, 2012 (112th Congress, 2011–2013)
Sponsor:
Rep. Ben Quayle [R-AZ3]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on February 24, 2012, in a previous session of Congress, but was not enacted.

Progress
Introduced Feb 24, 2012
Referred to Committee Feb 24, 2012
Cosponsors
none
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Feb 24, 2012.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

2/24/2012--Introduced.
Capital Expansion Act - 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 issue final regulations to implement this Act.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

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