Private Markets Transparency and Accountability Act

Summary

Private Markets Transparency and Accountability Act This bill requires certain private companies to register with the Securities and Exchange Commission (SEC) and thereby publicly disclose business practices and financial information. Under current law, companies with assets exceeding $10 million and with a class of securities held by either 2,000 persons, or 500 persons who are not accredited investors, must register with the SEC. In addition, the bill requires companies to register if (1) their valuation exceeds $700 million, or (2) their annual revenue exceeds $5 billion and they have at least 5,000 employees.

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

Timeline

1. 15 September 2022

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4640-4641)

   Source: IntroReferral

2. 15 September 2022

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 14 December 2022

   Committee

   Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-757.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 15 September 2022 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 15 September 2022

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 15 September 2022

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 15 September 2022

  Open at official source

Sponsors

• John Reed · D · Sponsor
• Catherine Cortez Masto · D · Sponsor
• Elizabeth Warren · D · Sponsor
• · ssbk00 · Standing

Related records

No cross-record relationships stored yet.