Bill
Bill > HR2497
US HR2497
US HR2497To permit an issuer, when determining the market capitalization of the issuer for purposes of testing the significance of an acquisition or disposition, to include the value of all shares of the issuer.
summary
Introduced
04/06/2023
04/06/2023
In Committee
04/06/2023
04/06/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To permit an issuer, when determining the market capitalization of the issuer for purposes of testing the significance of an acquisition or disposition, to include the value of all shares of the issuer.
AI Summary
This bill would allow issuers (companies that issue securities) to include the value of all their shares, including preferred stock and non-traded common shares, when determining their market capitalization for the purpose of testing the significance of an acquisition or disposition. This change is intended to avoid "aberrational results" in the current requirements, which only consider the value of the issuer's voting and non-voting common equity. The bill directs the Securities and Exchange Commission (SEC) to revise the relevant regulation to implement this change.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 04/06/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/2497/all-info |
| BillText | https://www.congress.gov/118/bills/hr2497/BILLS-118hr2497ih.pdf |
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