A bill to amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes.

Summary

Amends the Securities Exchange Act of 1934 regarding registration of securities to modify the registration threshold for an issuer that is either a bank or a bank holding company as well as for an issuer that is neither a bank nor a bank holding company. Raises from $1 million to $10 million the threshold for total assets of an issuer that requires registration of a certain class of equity security. Divides the holding threshold that requires registration of such a class of equity security, however, into: (1) 2,000 holders of record if the issuer is a bank or a bank holding company, and (2) 500 holders of record if the issuer is neither. Requires termination of a security registration in the case of a bank or a bank holding company if the the number of holders of record of the class of security is reduced to less than 1,200. Directs the Chief Economist and the Director of the Division of Corporation Finance of the Securities and Exchange Commission (SEC) to study and make a cost-benefit analysis of shareholder registration thresholds.

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

Timeline

1. 10 March 2011

   Introduced

   Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

   Source: IntroReferral

2. 10 March 2011

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 10 March 2011 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 10 March 2011

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 10 March 2011

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 10 March 2011

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Hutchison, Kay Bailey [R-TX] · R · Sponsor
• Sen. Pryor, Mark L. [D-AR] · D · Sponsor
• Sen. Boozman, John [R-AR] · R · Cosponsor
• Sen. Toomey, Patrick [R-PA] · R · Cosponsor
• Sen. Chambliss, Saxby [R-GA] · R · Cosponsor
• Sen. Vitter, David [R-LA] · R · Cosponsor
• Sen. McCaskill, Claire [D-MO] · D · Cosponsor
• Sen. Crapo, Mike [R-ID] · R · Cosponsor
• Sen. Moran, Jerry [R-KS] · R · Cosponsor
• Sen. Blunt, Roy [R-MO] · R · Cosponsor
• · ssbk00 · Standing

Related records

• related to → Capital Expansion Act
• related to → To amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes.
• related to ← A bill to amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes.