Holding Company Registration Threshold Equalization Act of 2014 - Amends the Securities Exchange Act of 1934 to require an issuer that is a savings and loan holding company to register with the Securities and Exchange Commission (SEC) if: (1) its assets exceed $10 million, and (2) it has a class of equity security held of record by 2,000 or more persons.
Requires termination of such registration after a savings and loan holding company certifies that its holders of record of that class of security have been reduced to fewer than 1,200 persons.
Suspends automatically the duty of a savings and loan holding company to file supplementary and periodic information if the securities of each class to which the registration statement relates (other than any class of asset-backed securities) are held of record by fewer than 1,200 persons.
[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 801 Introduced in House (IH)]
113th CONGRESS
1st Session
H. R. 801
To amend the Securities Exchange Act of 1934 to make the shareholder
threshold for registration of savings and loan holding companies the
same as for bank holding companies.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
February 15, 2013
Mr. Womack (for himself, Mr. Himes, Mrs. Wagner, and Mr. Delaney)
introduced the following bill; which was referred to the Committee on
Financial Services
_______________________________________________________________________
A BILL
To amend the Securities Exchange Act of 1934 to make the shareholder
threshold for registration of savings and loan holding companies the
same as for bank holding companies.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Holding Company Registration
Threshold Equalization Act of 2013''.
SEC. 2. REGISTRATION THRESHOLD FOR SAVINGS AND LOAN HOLDING COMPANIES.
The Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) is
amended--
(1) in section 12(g)--
(A) in paragraph (1)(B), by inserting after ``is a
bank'' the following: ``, a savings and loan holding
company (as defined in section 10 of the Home Owners'
Loan Act),''; and
(B) in paragraph (4), by inserting after ``case of
a bank'' the following: ``, a savings and loan holding
company (as defined in section 10 of the Home Owners'
Loan Act),''; and
(2) in section 15(d), by striking ``case of bank'' and
inserting the following: ``case of a bank, a savings and loan
holding company (as defined in section 10 of the Home Owners'
Loan Act),''.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by Voice Vote.
Reported by the Committee on Financial Services. H. Rept. 113-325.
Reported by the Committee on Financial Services. H. Rept. 113-325.
Placed on the Union Calendar, Calendar No. 242.
Mr. Garrett moved to suspend the rules and pass the bill. (consideration: CR H196)
Considered under suspension of the rules. (consideration: CR H196-198)
DEBATE - The House proceeded with forty minutes of debate on H.R. 801.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line
Considered as unfinished business. (consideration: CR H199-200)
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 417 - 4 (Roll no. 15).(text: CR H196)
Roll Call #15 (House)On motion to suspend the rules and pass the bill Agreed to by the Yeas and Nays: (2/3 required): 417 - 4 (Roll no. 15). (text: CR H196)
Roll Call #15 (House)Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.