Bill
Bill > HR2625
US HR2625
US HR2625To 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
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 lower the aggregate market value of voting and nonvoting common equity necessary for an issuer to qualify as a well-known seasoned issuer.
AI Summary
This bill seeks 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" under federal securities laws. Specifically, the bill would amend the definition of a "well-known seasoned issuer" to require an aggregate market value of $75,000,000 or more, rather than the current higher threshold, while maintaining the other requirements in the existing definition. This change would make it easier for certain issuers to qualify for this designation, which provides them with more flexibility in certain securities offerings and disclosures.
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/2625/all-info |
| BillText | https://www.congress.gov/118/bills/hr2625/BILLS-118hr2625ih.pdf |
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