Holding Company Registration Threshold Equalization Act of 2015

1/11/2023, 1:28 PM

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Holding Company Registration Threshold Equalization Act of 2015

(Sec. 2) 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 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.

Congress
114

Number
HR - 1334

Introduced on
2015-03-04

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

7/15/2015

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Holding Company Registration Threshold Equalization Act of 2015

(Sec. 2) 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 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 Summary9/23/2015

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)

Holding Company Registration Threshold Equalization Act of 2015

(Sec. 2) Amends the Securitie...


Latest Action7/15/2015
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.