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US S872

US S872
A bill to 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.


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

113th Congress

Bill Summary

A bill to 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.

AI Summary

This bill, titled the Holding Company Registration Threshold Equalization Act of 2013, amends the Securities Exchange Act of 1934 to ensure that savings and loan holding companies, which are companies that control a savings and loan association, are subject to the same registration requirements based on the number of shareholders as bank holding companies, which are companies that control a bank. This change aims to create a uniform regulatory standard for both types of financial holding companies by aligning the shareholder threshold, meaning the minimum number of shareholders an entity must have before it is required to register with the Securities and Exchange Commission (SEC).

Committee Categories

Housing and Urban Affairs

Sponsors (3)

Last Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (on 05/07/2013)

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