Holding Company Registration Threshold Equalization Act of 2014

Bill: 113-hr-801
Sponsor: Rep. Womack, Steve [R-AR-3]
Introduced: 2013-02-15 in the House
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation
Licensing and registrations
Securities

Summary:
action_date: 2013-02-15
text: 
Holding Company Registration Threshold Equalization Act of 2013 - Amends the Securities Exchange Act of 1934 to require an issuer that is a savings and loan holding company to register with the Securities and Exchange Commission (SEC) if: (1) its assets exceed $10 million, and (2) it has a class of equity security held of record by 2,000 or more persons.
 
Requires termination of such registration after a savings and loan holding company certifies that its holders of record of that class of security have been reduced to fewer than 1,200 persons.
 
Suspends automatically the duty of a savings and loan holding company to file supplementary and periodic information if the securities of each class to which the registration statement relates (other than any class of asset-backed securities) are held of record by fewer than 1,200 persons.

action_date: 2014-01-14
text: 
Holding Company Registration Threshold Equalization Act of 2014 - Amends the Securities Exchange Act of 1934 to require an issuer that is a savings and loan holding company to register with the Securities and Exchange Commission (SEC) if: (1) its assets exceed $10 million, and (2) it has a class of equity security held of record by 2,000 or more persons.
 
Requires termination of such registration after a savings and loan holding company certifies that its holders of record of that class of security have been reduced to fewer than 1,200 persons.
 
Suspends automatically the duty of a savings and loan holding company to file supplementary and periodic information if the securities of each class to which the registration statement relates (other than any class of asset-backed securities) are held of record by fewer than 1,200 persons.


Legislative actions:
action_date: 2014-01-15
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2014-01-14
text: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 417 - 4 (Roll no. 15). (text: CR H196)
action_date: 2014-01-14
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 417 - 4 (Roll no. 15).(text: CR H196)
action_date: 2014-01-14
text: Considered as unfinished business. (consideration: CR H199-200)
action_date: 2014-01-14
text: 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.
action_date: 2014-01-14
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 801.
action_date: 2014-01-14
text: Considered under suspension of the rules. (consideration: CR H196-198)
action_date: 2014-01-14
text: Mr. Garrett moved to suspend the rules and pass the bill. (consideration: CR H196)
action_date: 2014-01-14
text: Placed on the Union Calendar, Calendar No. 242.
action_date: 2014-01-14
text: Reported by the Committee on Financial Services. H. Rept. 113-325.
action_date: 2014-01-14
text: Reported by the Committee on Financial Services. H. Rept. 113-325.
action_date: 2013-05-07
text: Ordered to be Reported by Voice Vote.
action_date: 2013-05-07
text: Committee Consideration and Mark-up Session Held.
action_date: 2013-02-15
text: Referred to the House Committee on Financial Services.
action_date: 2013-02-15
text: Introduced in House
action_date: 2013-02-15
text: Introduced in House