HR 1965 · 112th Congress · Finance and Financial Sector
To amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes.
Bill Progress
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Introduced✓
Committee✓
House Vote4
Senate5
EnactedLatest: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 223.(2011-11-07)
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Plain Language Summary
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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 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.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 1965, a bill to amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes
Oct 31, 2011Cost estimate for the bill as ordered reported by the House Committee on Financial Services on October 26, 2011
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office
Cosponsors (18)
6 Democrats12 Republicans