HR 1965 · 112th Congress · Finance and Financial Sector

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

Introduced 2011-05-24· Sponsored by Rep. Himes, James A. [D-CT-4]· House

Bill Progress

Introduced
Committee
House Vote
4
Senate
5
Enacted
Latest: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 223.(2011-11-07)

Recorded Votes

PassedHouse · 2011-11-02
Roll #819
Yea 420Nay 2
Democrats
184 Yea·1 Nay
Republicans
236 Yea·1 Nay
PassedHouse · 2011-11-02
Roll #819
Yea 420Nay 2
Democrats
184 Yea·1 Nay
Republicans
236 Yea·1 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] 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 Office

H.R. 1965, a bill to amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes

Oct 31, 2011

Cost 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