Holding Company Registration Threshold Equalization Act of 2014

3/14/2024, 12:48 PM
Congress
113

Number
HR - 801

Introduced on
2013-02-15

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

1/15/2014

Status of Legislation

Bill Introduced
Introduced to House
Passed in House
Introduced to Senate
Senate to Vote

Purpose and Summary

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.

Alternative Names
Official Title as IntroducedTo 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.

Policy Areas
Finance and Financial Sector

Potential Impact
Banking and financial institutions regulation
Licensing and registrations
Securities

Comments

Recent Activity

Latest Summary3/14/2014

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...


Latest Action1/15/2014
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.