HR 4554 · 113th Congress · Finance and Financial Sector
Restricted Securities Relief Act of 2014
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Ordered to be Reported by the Yeas and Nays: 29 - 28.(2014-05-22)
Plain Language Summary
[AI summary unavailable — showing source text]
Restricted Securities Relief Act of 2014 - Directs the Securities and Exchange Commission (SEC) to revise specified regulations to: (1) reduce from six to three months the holding period for restricted securities issued by an issuer that is, and has been for at least 90 days immediately before the sale, subject to certain reporting requirements of the Securities Exchange Act of 1934; and (2) permit a securities issuer with no or nominal operations and no or nominal non-cash assets that has ceased to be such an issuer to sell its securities two years after filing with the SEC a Form 8-K stating that it is no longer an issuer with no or nominal operations and no or nominal non-cash assets. Amends the Securities Act of 1933 to exempt from any state or local registration or qualification requirements any security offered or sold in compliance with specified conditions for private resales of securities to institutions.…
Summarized by Claude AI · Non-partisan · For informational purposes only
CBO Cost Estimate
Congressional Budget OfficeH.R. 4554, Restricted Securities Relief Act of 2014
Aug 1, 2014As ordered reported by the House Committee on Financial Services on May 22, 2014
Full CBO report ↗Official non-partisan budget analysis by the Congressional Budget Office