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

Introduced:
Feb 24, 2012 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Ben Quayle
Representative for Arizona's 3rd congressional district
Party
Republican
Text
Read Text »
Last Updated
Feb 24, 2012
Length
3 pages
Related Bills
H.R. 3606 (Related)
Jumpstart Our Business Startups

Signed by the President
Apr 05, 2012

S. 1824 (Related)
Private Company Flexibility and Growth Act

Referred to Committee
Last Action: Nov 08, 2011

 
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
 
Full Title

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

Summary

No summaries available.

Cosponsors
none
Committees

House Financial Services

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.

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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.


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

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.

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