About the bill
In 1988, the SEC adopted Rule 701 under the Securities Act to allow private companies to sell securities to their employees without the need to file a registration statement with the SEC. The rule provides an exemption from the registration requirements for offers and sales of securities under certain compensatory benefit plans or written agreements relating to compensation. In October 1996, Congress enacted the National Securities Markets Improvement Act of 1996, which gave the SEC authority to provide exemptive relief for certain transactions relating to the rule. The rule was ...
Sponsor and status
Sponsor. Representative for Illinois's 14th congressional district. Republican.
Last Updated: Apr 5, 2017
Length: 2 pages
115th Congress, 2017–2019
This bill was introduced in a previous session of Congress and was passed by the House on April 4, 2017 but was never passed by the Senate.
What legislators are saying
“House Passes Hultgren Bill to Expand Company Ownership for Hardworking Employees”
— Rep. Randy Hultgren [R-IL14, 2011-2018] (Sponsor) on Apr 4, 2017
H.R. 1343 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not enacted by the end of a Congress is cleared from the books.
How to cite this information.
We recommend the following MLA-formatted citation when using the information you see here in academic work:
GovTrack.us. (2019). H.R. 1343 — 115th Congress: Encouraging Employee Ownership Act of 2017. Retrieved from https://www.govtrack.us/congress/bills/115/hr1343
“H.R. 1343 — 115th Congress: Encouraging Employee Ownership Act of 2017.” www.GovTrack.us. 2017. August 17, 2019 <https://www.govtrack.us/congress/bills/115/hr1343>
Encouraging Employee Ownership Act of 2017, H.R. 1343, 115th Cong..
|title=H.R. 1343 (115th)
|accessdate=August 17, 2019
|author=115th Congress (2017)
|date=March 2, 2017
|quote=Encouraging Employee Ownership Act of 2017
Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.