H.R. 1965 (112th): To amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes.

Introduced:
May 24, 2011 (112th Congress, 2011–2013)
Status:
Died (Passed House)
Sponsor
James Himes
Representative for Connecticut's 4th congressional district
Party
Democrat
Text
Read Text »
Last Updated
Nov 07, 2011
Length
6 pages
Related Bills
S. 556 (identical)

Referred to Committee
Last Action: Mar 10, 2011

H.R. 4088 (Related)
Capital Expansion Act

Referred to Committee
Last Action: Feb 24, 2012

 
Status

This bill was introduced in a previous session of Congress and was passed by the House on November 2, 2011 but was never passed by the Senate.

Progress
Introduced May 24, 2011
Referred to Committee May 24, 2011
Reported by Committee Oct 26, 2011
Passed House Nov 02, 2011
 
Summary

No summaries available.

Votes
On Motion to Suspend the Rules and Pass, as Amended
Nov 02, 2011 2:28 p.m.
Passed 420/2

Cosponsors
18 cosponsors (12R, 6D) (show)
Committees

House Financial Services

Capital Markets and Government Sponsored Enterprises

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

 
Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.

Widget

Get a bill status widget for your website »

Citation

Click a format for a citation suggestion:

Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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


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.

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

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

Use the comment space below for discussion of the merits of H.R. 1965 (112th) with other GovTrack users.
Your comments are not read by Congressional staff.

comments powered by Disqus