US Congress House Bill 1965 (Prior Session Legislation)

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Sponsorship: Slight Partisan Bill (Republican 12-7)
Status: Engrossed on November 3 2011 - 50% progression, died in chamber
Action: 2011-11-07 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 223.
Text: Latest bill text (Introduced) [PDF]

Amends the Securities Exchange Act of 1934 to increase from $1 million to $10 million the shareholder registration threshold for an issuer of securities. Requires an issuer that is either a bank or a bank holding company to register a security with the Securities and Exchange Commission (SEC) if its assets exceed $10 million and include a certain class of equity security held of record by 2,000 or more persons. 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. Repeals periodic reporting requirements also for such a bank or bank holding company. Directs the Chief Economist and the Director of the Division of Corporation Finance of the SEC to conduct a joint cost-benefit analysis of shareholder registration thresholds. Directs the SEC to issue final regulations to implement this Act not later than 1 year after its date of enactment.

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

Rep. James Himes [D-CT]	Rep. Lacy Clay [D-MO]	Rep. Gerald Connolly [D-VA]	Rep. Robert Dold [R-IL]
Rep. Andy Harris [R-MD]	Rep. Jaime Herrera Beutler [R-WA]	Rep. Ruben Hinojosa [D-TX]	Rep. Robert Hurt [R-VA]
Rep. Timothy Johnson [R-IL]	Rep. John Kline [R-MN]	Rep. Billy Long [R-MO]	Rep. Carolyn Maloney [D-NY]
Rep. Cathy McMorris Rodgers [R-WA]	Rep. Mick Mulvaney [R-SC]	Rep. Randy Neugebauer [R-TX]	Rep. C.A. Ruppersberger [D-MD]
Rep. David Schweikert [R-AZ]	Rep. Adam Smith [D-WA]	Rep. Steve Womack [R-AR]

2011-11-02 - House - On Motion to Suspend the Rules and Pass, as Amended (Y: 420 N: 2 NV: 11 Abs: 0) [PASS]

Date	Chamber	Action
2011-11-07	Senate	Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 223.
2011-11-03	Senate	Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
2011-11-02	House	Motion to reconsider laid on the table Agreed to without objection.
2011-11-02	House	On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 420 - 2 (Roll no. 819). (text: CR H7226-7227)
2011-11-02	House	Considered as unfinished business. (consideration: CR H7235-7236)
2011-11-02	House	At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
2011-11-02	House	DEBATE - The House proceeded with forty minutes of debate on H.R. 1965.
2011-11-02	House	Considered under suspension of the rules. (consideration: CR H7226-7229)
2011-11-02	House	Mr. Schweikert moved to suspend the rules and pass the bill, as amended.
2011-10-26	House	Ordered to be Reported by Voice Vote.
2011-10-26	House	Committee Consideration and Mark-up Session Held.
2011-10-05	House	Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .
2011-10-05	House	Subcommittee Consideration and Mark-up Session Held.
2011-09-21	House	Subcommittee Hearings Held.
2011-07-19	House	Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
2011-05-24	House	Referred to the House Committee on Financial Services.

SB556 (Same As) 2011-03-10 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
SB1941 (Related) 2011-12-05 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
HB4088 (Related) 2012-02-24 - Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/1965/all-info
Text	https://www.congress.gov/112/bills/hr1965/BILLS-112hr1965ih.pdf
Text	https://www.congress.gov/112/bills/hr1965/BILLS-112hr1965eh.pdf
Text	https://www.congress.gov/112/bills/hr1965/BILLS-112hr1965pcs.pdf
Roll Call	https://clerk.house.gov/Votes/2011819