Holding Company Registration Threshold Equalization Act of 2015

Bill: 114-hr-1334
Sponsor: full_name: Rep. Womack, Steve [R-AR-3]
Introduced: 2015-03-04
Policy area: Finance and Financial Sector
Subjects: Banking and financial institutions regulation

Licensing and registrations

Securities
Latest action: action_date: 2015-07-15
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2015-03-04
action_desc: Introduced in House
text: <p><b>Holding Company Registration Threshold Equalization Act of 2015</b></p> <p> 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 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.</p> <p>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.</p> <p>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.</p>

action_date: 2015-07-14
action_desc: Passed House without amendment
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p><b>Holding Company Registration Threshold Equalization Act of 2015</b></p> <p> (Sec. 2) 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 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.</p> <p>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.</p> <p>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.</p>

tv_txt: I 114th CONGRESS 1st Session H. R. 1334 IN THE HOUSE OF REPRESENTATIVES March 4, 2015 Mr. Womack (for himself, Mr. Himes , Mrs. Wagner , and Mr. Delaney ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Securities Exchange Act of 1934 to make the shareholder threshold for registration of savings and loan holding companies the same as for bank holding companies.

1. Short title This Act may be cited as the Holding Company Registration Threshold Equalization Act of 2015 . 2. Registration threshold for savings and loan holding companies The Securities Exchange Act of 1934 ( 15 U.S.C. 78a et seq. ) is amended— (1) in section 12(g)— (A) in paragraph (1)(B), by inserting after is a bank the following: , a savings and loan holding company (as defined in section 10 of the Home Owners' Loan Act), ; and (B) in paragraph (4), by inserting after case of a bank the following: , a savings and loan holding company (as defined in section 10 of the Home Owners' Loan Act), ; and (2) in section 15(d), by striking case of bank and inserting the following: case of a bank, a savings and loan holding company (as defined in section 10 of the Home Owners' Loan Act), .

tv_txt: IIB 114th CONGRESS 1st Session H. R. 1334 IN THE SENATE OF THE UNITED STATES July 15, 2015 Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs AN ACT To amend the Securities Exchange Act of 1934 to make the shareholder threshold for registration of savings and loan holding companies the same as for bank holding companies.

1. Short title This Act may be cited as the Holding Company Registration Threshold Equalization Act of 2015 . 2. Registration threshold for savings and loan holding companies The Securities Exchange Act of 1934 ( 15 U.S.C. 78a et seq. ) is amended— (1) in section 12(g)— (A) in paragraph (1)(B), by inserting after is a bank the following: , a savings and loan holding company (as defined in section 10 of the Home Owners' Loan Act), ; and (B) in paragraph (4), by inserting after case of a bank the following: , a savings and loan holding company (as defined in section 10 of the Home Owners' Loan Act), ; and (2) in section 15(d), by striking case of bank and inserting the following: case of a bank, a savings and loan holding company (as defined in section 10 of the Home Owners' Loan Act), .

Passed the House of Representatives July 14, 2015. Karen L. Haas, Clerk

tv_txt: I 114th CONGRESS 1st Session H. R. 1334 IN THE HOUSE OF REPRESENTATIVES AN ACT To amend the Securities Exchange Act of 1934 to make the shareholder threshold for registration of savings and loan holding companies the same as for bank holding companies.

1. Short title This Act may be cited as the Holding Company Registration Threshold Equalization Act of 2015 . 2. Registration threshold for savings and loan holding companies The Securities Exchange Act of 1934 ( 15 U.S.C. 78a et seq. ) is amended— (1) in section 12(g)— (A) in paragraph (1)(B), by inserting after is a bank the following: , a savings and loan holding company (as defined in section 10 of the Home Owners' Loan Act), ; and (B) in paragraph (4), by inserting after case of a bank the following: , a savings and loan holding company (as defined in section 10 of the Home Owners' Loan Act), ; and (2) in section 15(d), by striking case of bank and inserting the following: case of a bank, a savings and loan holding company (as defined in section 10 of the Home Owners' Loan Act), .

Passed the House of Representatives July 14, 2015. Karen L. Haas, Clerk.

tv_txt: IB Union Calendar No. 149 114th CONGRESS 1st Session H. R. 1334 [Report No. 114–200] IN THE HOUSE OF REPRESENTATIVES March 4, 2015 Mr. Womack (for himself, Mr. Himes , Mrs. Wagner , and Mr. Delaney ) introduced the following bill; which was referred to the Committee on Financial Services July 14, 2015 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed A BILL To amend the Securities Exchange Act of 1934 to make the shareholder threshold for registration of savings and loan holding companies the same as for bank holding companies.

1. Short title This Act may be cited as the Holding Company Registration Threshold Equalization Act of 2015 . 2. Registration threshold for savings and loan holding companies The Securities Exchange Act of 1934 ( 15 U.S.C. 78a et seq. ) is amended— (1) in section 12(g)— (A) in paragraph (1)(B), by inserting after is a bank the following: , a savings and loan holding company (as defined in section 10 of the Home Owners' Loan Act), ; and (B) in paragraph (4), by inserting after case of a bank the following: , a savings and loan holding company (as defined in section 10 of the Home Owners' Loan Act), ; and (2) in section 15(d), by striking case of bank and inserting the following: case of a bank, a savings and loan holding company (as defined in section 10 of the Home Owners' Loan Act), .

July 14, 2015 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed