Bill
Bill > HR2605
US HR2605
US HR2605To amend the Securities Exchange Act of 1934 to exclude qualified institutional buyers and institutional accredited investors when calculating holders of a security for purposes of the mandatory registration threshold under such Act, and for other purposes.
summary
Introduced
04/13/2023
04/13/2023
In Committee
04/13/2023
04/13/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Securities Exchange Act of 1934 to exclude qualified institutional buyers and institutional accredited investors when calculating holders of a security for purposes of the mandatory registration threshold under such Act, and for other purposes.
AI Summary
This bill amends the Securities Exchange Act of 1934 to exclude qualified institutional buyers (QIBs) and institutional accredited investors (IAIs) when calculating the number of holders of a security for the purposes of the mandatory registration threshold under the Act. This means that QIBs and IAIs will not be counted towards the threshold that triggers mandatory registration of a security. The bill also specifies that the SEC's general exemptive authority does not apply to the amendments made by this bill.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Referred to the House Committee on Financial Services. (on 04/13/2023)
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/2605/all-info |
| BillText | https://www.congress.gov/118/bills/hr2605/BILLS-118hr2605ih.pdf |
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