Partnership Rollup Efficiency Act

Summary

Amends the Securities Exchange Act of 1934 to exclude from the definition of limited partnership rollup transaction any combination of a single limited partnership or multiple limited partnerships whose real estate assets consist solely of partial interests in the same property, with an unaffiliated issuer of securities. States that such a combination is not conditioned upon the completion of any other acquisition transaction, in exchange for securities (or a combination or alternative offer of securities and cash), if the securities issued in the combination to the limited partners in the combining partnership or partnerships represent ten percent or less of a class of securities that is, or will be upon notice of issuance, listed on the New York Stock Exchange or American Stock Exchange or the National Market System of the Nasdaq Stock Market (or any successor to such entities) and are part of a class of securities so listed for a year or more.

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Timeline

1. 9 November 1997

   Introduced

   Referred to the House Committee on Commerce.

   Source: IntroReferral

2. 9 November 1997

   Introduced

   Introduced in House

   Source: IntroReferral

3. 9 November 1997

   Introduced

   Introduced in House

   Source: IntroReferral

4. 20 November 1997

   Referred

   Referred to the Subcommittee on Finance and Hazardous Materials.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 9 November 1997 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 9 November 1997

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 9 November 1997

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 9 November 1997

  Open at official source

Sponsors

• Rep. Kennedy, Joseph P., II [D-MA-8] · D · Sponsor
• · hsif00 · Standing

Related records

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