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United States · Bill · HR

H.R. 2167 (112th)

Private Company Flexibility and Growth Act

openUnited States· United States Congress· EN

Introduced

14 June 2011

Last action

12 December 2011 · Reported

Status

Placed on the Union Calendar, Calendar No. 223.

Sponsors

Rep. Schweikert, David [R-AZ-1], Rep. Himes, James A. [D-CT-4], Rep. Canseco, Francisco "Quico" [R-TX-23], Rep. Quigley, Mike [D-IL-5], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Perlmutter, Ed [D-CO-7], Rep. Biggert, Judy [R-IL-13], Rep. Issa, Darrell [R-CA-48], Rep. Campbell, John [R-CA-48], Rep. McHenry, Patrick T. [R-NC-10], Rep. Manzullo, Donald A. [R-IL-16], Rep. Latta, Robert E. [R-OH-5], Rep. Polis, Jared [D-CO-2], Rep. Meeks, Gregory W. [D-NY-5], Rep. Hurt, Robert [R-VA-5], Rep. Sanchez, Loretta [D-CA-46], Sen. Welch, Peter [D-VT], Rep. Boren, Dan [D-OK-2], Rep. Fitzpatrick, Michael G. [R-PA-8], Rep. Hayworth, Nan A. S. [R-NY-19], Rep. Ackerman, Gary L. [D-NY-5], Rep. Dold, Robert J. [R-IL-10], Rep. Maloney, Carolyn B. [D-NY-12], Rep. Hinojosa, Ruben [D-TX-15], Rep. Smith, Adam [D-WA-9], Rep. Carney, John C., Jr. [D-DE-At Large], Rep. Connolly, Gerald E. [D-VA-11], Rep. Kline, John [R-MN-2]

Subjects

Discovery layer

Source updated

7 April 2025

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Summary

Private Company Flexibility and Growth Act - Amends the Securities Exchange Act of 1934 to change the thresholds for total assets and for class of equity security holders of record which trigger the requirement for a securities issuer to register with the Securities and Exchange Commission (SEC). Increases the total assets threshold from $1 million to $10 million, and the class of equity security holders of record threshold from 500-750 to 1,000 persons. Declares that, with respect to such registration requirement, the definition of "held of record" does not include securities held by persons who: (1) qualify as accredited investors, or (2) received the securities pursuant to an employee compensation plan in transactions exempted from specified registration requirements of the Securities Act of 1933 (exempt transactions). (Thus exempts securities held such persons from registration requirements.) Directs the SEC to: (1) revise the definition of "held of record" in accordance with this Act, and (2) adopt safe harbor provisions issuers can follow to determine whether holders of securities are accredited investors or have received securities pursuant to an employee compensation plan in an exempt transaction.  

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 14 June 2011

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 14 June 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 14 June 2011

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 21 September 2011

    Committee

    Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.

    Source: Committee

  5. 4 October 2011

    Referred

    Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

    Source: Committee

  6. 5 October 2011

    Committee

    Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .

    Source: Committee

  7. 5 October 2011

    Committee

    Subcommittee Consideration and Mark-up Session Held.

    Source: Committee

  8. 26 October 2011

    Reported

    Ordered to be Reported by Voice Vote.

    Source: Committee

  9. 26 October 2011

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  10. 12 December 2011

    Calendars

    Placed on the Union Calendar, Calendar No. 223.

    Source: Calendars

  11. 12 December 2011

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 112-327.

    Source: Committee

  12. 12 December 2011

    Reported

    Reported (Amended) by the Committee on Financial Services. H. Rept. 112-327.

    Source: Committee

Votes

No vote records are attached yet.

Versions

Documents

6 official files

Reported in House (text)

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  • Reported in House (text)

    Reported in House · EN · 12 December 2011

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  • Reported in House (PDF)

    Reported in House · EN · 12 December 2011

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  • Reported to House with amendment(s)

    summary · EN · 12 December 2011

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  • Introduced in House (text)

    Introduced in House · EN · 14 June 2011

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  • Introduced in House (PDF)

    Introduced in House · EN · 14 June 2011

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  • Introduced in House

    summary · EN · 14 June 2011

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Sponsors

Related records

Sources

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