Bill
Bill > HR9562
US HR9562
US HR9562To lower the aggregate market value of voting and non-voting common equity necessary for an issuer to qualify as a well-known seasoned issuer.
summary
Introduced
12/14/2022
12/14/2022
In Committee
12/14/2022
12/14/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To lower the aggregate market value of voting and non- voting common equity necessary for an issuer to qualify as a well-known seasoned issuer.
AI Summary
This bill lowers the aggregate market value of voting and non-voting common equity necessary for an issuer to qualify as a "well-known seasoned issuer" under federal securities laws. Specifically, the bill reduces the required minimum aggregate market value from $700 million to $75 million for the voting and non-voting common equity held by non-affiliates of the issuer. This change will allow more companies to be considered well-known seasoned issuers, which provides certain benefits and exemptions related to securities registration and disclosure requirements.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 12/14/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/9562/all-info | 12/15/2022 |
| BillText | https://www.congress.gov/117/bills/hr9562/BILLS-117hr9562ih.pdf | 12/24/2022 |
| Bill | https://www.congress.gov/117/bills/hr9562/BILLS-117hr9562ih.pdf.pdf | 12/24/2022 |
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