S. 556 (112th): A bill to amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes.

Introduced:
Mar 10, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
See Instead:

S. 1941 (same title)
Referred to Committee — Dec 05, 2011

Sponsor
Kay Hutchison
Senator from Texas
Party
Republican
Text
Read Text »
Last Updated
Mar 10, 2011
Length
5 pages
Related Bills
H.R. 1965 (identical)

Passed House
Last Action: Nov 02, 2011

S. 1941 (Related)
A bill to amend the securities laws to establish certain thresholds for shareholder registration, ...

Referred to Committee
Last Action: Dec 05, 2011

 
Status

This bill was introduced on March 10, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 10, 2011
Referred to Committee Mar 10, 2011
 
Summary

No summaries available.

Cosponsors
9 cosponsors (7R, 2D) (show)
Committees

Senate Banking, Housing, and Urban Affairs

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

S. stands for Senate 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.


3/10/2011--Introduced.
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 the number of holders of record of the class of security is reduced to less than 1,200.
Directs the Chief Economist and the Director of the Division of Corporation Finance of the Securities and Exchange Commission (SEC) to study and make a cost-benefit analysis of shareholder registration thresholds.

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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