To direct the Securities and Exchange Commission to revise its rules so as to increase the threshold amount for requiring issuers to provide certain disclosures relating to compensatory benefit plans.

Bill: 113-hr-4571
Sponsor: full_name: Rep. Hultgren, Randy [R-IL-14]
Introduced: 2014-05-06
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Business records

Corporate finance and management

Financial services and investments

Inflation and prices

Securities

Securities and Exchange Commission (SEC)
Latest action: action_date: 2014-05-22
text: Ordered to be Reported (Amended) by the Yeas and Nays: 36 - 23.

Summaries:
action_date: 2014-05-06
action_desc: Introduced in House
text: <p> Directs the Securities and Exchange Commission (SEC) to revise regulations to require an issuer to furnish investors with additional specified disclosures regarding compensatory benefit plans if the aggregate sales price or amount of securities sold during any consecutive 12-month period exceeds $20 million (currently $5 million). </p> <p>Directs the SEC to index that aggregate sales price or amount for inflation every 5 years.</p>

tv_txt: I 113th CONGRESS 2d Session H. R. 4571 IN THE HOUSE OF REPRESENTATIVES May 6, 2014 Mr. Hultgren introduced the following bill; which was referred to the Committee on Financial Services A BILL To direct the Securities and Exchange Commission to revise its rules so as to increase the threshold amount for requiring issuers to provide certain disclosures relating to compensatory benefit plans.

1. Increased threshold for disclosures relating to compensatory benefit plans Not later than 60 days after the date of the enactment of this Act, the Securities and Exchange Commission shall revise section 230.701(e) of title 17, Code of Federal Regulations, so as to increase from $5,000,000 to $20,000,000 the aggregate sales price or amount of securities sold during any consecutive 12-month period in excess of which the issuer is required under such section to deliver an additional disclosure to investors. The Commission shall index for inflation such aggregate sales price or amount every 5 years to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics, rounding to the nearest $1,000,000.