H.R.1343 - Encouraging Employee Ownership Act of 2017115th Congress (2017-2018) |
|Sponsor:||Rep. Hultgren, Randy [R-IL-14] (Introduced 03/02/2017)|
|Committees:||House - Financial Services | Senate - Banking, Housing, and Urban Affairs|
|Committee Reports:||H. Rept. 115-71|
|Latest Action:||04/05/2017 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
|Roll Call Votes:||There have been 2 roll call votes|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
- Passed Senate
- To President
- Became Law
Text: H.R.1343 — 115th Congress (2017-2018)All Bill Information (Except Text)
Referred in Senate (04/05/2017)
Received; read twice and referred to the Committee on Banking, Housing, and Urban Affairs
To direct the Securities and Exchange Commission to revise its rules so as to increase the threshold amount for requiring issuers to provide certain disclosures relating to compensatory benefit plans.
This Act may be cited as the “Encouraging Employee Ownership Act of 2017”.
Not later than 60 days after the date of the enactment of this Act, the Securities and Exchange Commission shall revise section 230.701(e) of title 17, Code of Federal Regulations, so as to increase from $5,000,000 to $10,000,000 the aggregate sales price or amount of securities sold during any consecutive 12-month period in excess of which the issuer is required under such section to deliver an additional disclosure to investors. The Commission shall index for inflation such aggregate sales price or amount every 5 years to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics, rounding to the nearest $1,000,000.
Passed the House of Representatives April 4, 2017.
|Attest:||karen l. haas,|