US S488

Bill

US S488

JOBS and Investor Confidence Act of 2018

Introduced
03/01/2017

In Committee
03/09/2017

Crossed Over
09/12/2017

Passed

Dead
12/31/2018

Introduced Session

115th Congress

Bill Summary

JOBS and Investor Confidence Act of 2018 (Sec. 2) This bill requires the Securities and Exchange Commission to increase, from $5 million to $10 million, the 12-month sales threshold beyond which an issuer is required to provide investors with additional disclosures related to compensatory benefit plans.

AI Summary

This bill, the JOBS and Investor Confidence Act of 2018, makes several changes to securities laws and regulations to modernize U.S. markets and promote capital formation, investor confidence, and economic growth. Key provisions include: increasing the sales threshold for additional disclosures related to compensatory benefit plans, permitting positive credit reporting for certain payments, exempting certain merger and acquisition brokers from registration requirements, revising the definition of accredited investor, providing temporary exemptions for certain low-revenue issuers from Sarbanes-Oxley audit requirements, requiring certain international insurance standards to recognize the U.S. insurance regulatory system, and establishing a venture exchange framework to facilitate trading of securities of early-stage and emerging growth companies.

Committee Categories

Housing and Urban Affairs

Sponsors (3)

Pat Toomey (R)*, Ben Sasse (R), Mark Warner (D),

Last Action

Message on House action received in Senate and at desk: House amendments to Senate bill. (on 07/18/2018)

Official Document

https://www.congress.gov/bill/115th-congress/senate-bill/488/all-info

(52 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/115th-congress/senate-bill/488/all-info
BillText	https://www.congress.gov/115/bills/s488/BILLS-115s488eah.pdf
Bill	https://www.congress.gov/115/bills/s488/BILLS-115s488eah.pdf.pdf
BillText	https://www.congress.gov/115/bills/s488/BILLS-115s488es.pdf
Bill	https://www.congress.gov/115/bills/s488/BILLS-115s488es.pdf.pdf
BillText	https://www.congress.gov/115/bills/s488/BILLS-115s488rs.pdf
Bill	https://www.congress.gov/115/bills/s488/BILLS-115s488rs.pdf.pdf
BillText	https://www.congress.gov/115/bills/s488/BILLS-115s488is.pdf
Bill	https://www.congress.gov/115/bills/s488/BILLS-115s488is.pdf.pdf

Bill	Bill Name	Last Action	Type
HR10	Financial CHOICE Act of 2017	Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.	Related
HR1343	Encouraging Employee Ownership Act of 2017	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR1585	Fair Investment Opportunities for Professional Experts Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR1645	Fostering Innovation Act of 2017	Placed on the Union Calendar, Calendar No. 315.	Related
HR2219	End Banking for Human Traffickers Act of 2018	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR2364	Investing in Main Street Act of 2017	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR3280	Financial Services and General Government Appropriations Act, 2018	Committee on Appropriations Senate Subcommittee on Financial Services and General Government. Hearings held on the subject prior to measure being received from the House. Hearings printed: S. Hrg. 115-191.	Related
HR3555	Exchange Regulatory Improvement Act	Placed on the Union Calendar, Calendar No. 681.	Related
HR3903	Encouraging Public Offerings Act of 2017	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR3972	Family Office Technical Correction Act of 2017	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR4281	Expanding Access to Capital for Rural Job Creators Act	Placed on the Union Calendar, Calendar No. 396.	Related
HR4292	Financial Institution Living Will Improvement Act of 2017	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR4294	Prevention of Private Information Dissemination Act of 2017	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR435	The Credit Access and Inclusion Act of 2017	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR4537	International Insurance Standards Act of 2018	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR4566	Alleviating Stress Test Burdens to Help Investors Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR4768	National Strategy for Combating the Financing of Transnational Criminal Organizations Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR477	Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR5078	TRID Improvement Act of 2018	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR5288	Common Sense Credit Union Capital Relief Act of 2018	Referred to the House Committee on Financial Services.	Related
HR5749	Options Markets Stability Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR5783	Cooperate with Law Enforcement Agencies and Watch Act of 2018	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR5877	Main Street Growth Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR5953	BUILD Act Building Up Independent Lives and Dreams Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR5970	Modernizing Disclosures for Investors Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR6069	FIND Trafficking Act Fight Illicit Networks and Detect Trafficking Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR6139	Improving Investment Research for Small and Emerging Issuers Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HR6177	Developing and Empowering our Aspiring Leaders Act of 2018	Placed on the Union Calendar, Calendar No. 687.	Related
HR6319	Expanding Investment in Small Businesses Act	Placed on the Union Calendar, Calendar No. 676.	Related
HR6320	Promoting Transparent Standards for Corporate Insiders Act	Placed on the Union Calendar, Calendar No. 689.	Related
HR6321	Investment Adviser Regulatory Flexibility Improvement Act	Placed on the Union Calendar, Calendar No. 682.	Related
HR6322	Enhancing Multi-Class Stock Disclosures Act	Placed on the Union Calendar, Calendar No. 677.	Related
HR6323	National Senior Investor Initiative Act of 2018 Senior Security Act of 2018	Placed on the Union Calendar, Calendar No. 684.	Related
HR6324	Middle Market IPO Underwriting Cost Act	Placed on the Union Calendar, Calendar No. 685.	Related
HR6380	Crowdfunding Amendments Act	Referred to the House Committee on Financial Services.	Related
HR79	HALOS Act Helping Angels Lead Our Startups Act	Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
HRes375	Providing for consideration of the bill (H.B. 10) to create hope and opportunity for investors, consumers, and entrepreneurs by ending bailouts and Too Big to Fail, holding Washington and Wall Street accountable, eliminating red tape to increase access to capital and credit, and repealing the provisions of the Dodd-Frank Act that make America less prosperous, less stable, and less free, and for other purposes.	Motion to reconsider laid on the table Agreed to without objection.	Similar To
HRes905	Providing for consideration of the bill (H.B. 5515) to authorize appropriations for fiscal year 2019 for military activities of the Department of Defense and for military construction, to prescribe military personnel strengths for such fiscal year, and for other purposes; providing for consideration of the bill (S. 204) to authorize the use of unapproved medical products by patients diagnosed with a terminal illness in accordance with State law, and for other purposes; and providing for consider	Motion to reconsider laid on the table Agreed to without objection.	Similar To
S1031	Crowdfunding Enhancement Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S2155	Economic Growth, Regulatory Relief, and Consumer Protection Act	Became Public Law No: 115-174.	Related
S3213	Crowdfunding Amendments Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S3283	Options Markets Stability Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S3323	National Senior Investor Initiative Act of 2018 Senior Security Act of 2018	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S3518	Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S3574	Alleviating Stress Test Burdens to Help Investors Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S3575	Modernizing Disclosures for Investors Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S3576	Developing and Empowering our Aspiring Leaders Act of 2018	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S3578	Improving Investment Research for Small and Emerging Issuers Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S3579	Investment Adviser Regulatory Flexibility Improvement Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S3723	Main Street Growth Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S3731	BUILD Act Building Up Independent Lives and Dreams Act	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related
S3750	Common Sense Credit Union Capital Relief Act of 2018	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.	Related

Bill

Bill Name

Last Action

Type

HR10

Financial CHOICE Act of 2017

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 115-108.

HR1343

Encouraging Employee Ownership Act of 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR1585

Fair Investment Opportunities for Professional Experts Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR1645

Fostering Innovation Act of 2017

Placed on the Union Calendar, Calendar No. 315.

HR2219

End Banking for Human Traffickers Act of 2018

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR2364

Investing in Main Street Act of 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR3280

Financial Services and General Government Appropriations Act, 2018

Committee on Appropriations Senate Subcommittee on Financial Services and General Government. Hearings held on the subject prior to measure being received from the House. Hearings printed: S. Hrg. 115-191.

HR3555

Exchange Regulatory Improvement Act

Placed on the Union Calendar, Calendar No. 681.

HR3903

Encouraging Public Offerings Act of 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR3972

Family Office Technical Correction Act of 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR4281

Expanding Access to Capital for Rural Job Creators Act

Placed on the Union Calendar, Calendar No. 396.

HR4292

Financial Institution Living Will Improvement Act of 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR4294

Prevention of Private Information Dissemination Act of 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR435

The Credit Access and Inclusion Act of 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR4537

International Insurance Standards Act of 2018

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR4566

Alleviating Stress Test Burdens to Help Investors Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR4768

National Strategy for Combating the Financing of Transnational Criminal Organizations Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR477

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2017

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR5078

TRID Improvement Act of 2018

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR5288

Common Sense Credit Union Capital Relief Act of 2018

Referred to the House Committee on Financial Services.

HR5749

Options Markets Stability Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR5783

Cooperate with Law Enforcement Agencies and Watch Act of 2018

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR5877

Main Street Growth Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR5953

BUILD Act Building Up Independent Lives and Dreams Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR5970

Modernizing Disclosures for Investors Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR6069

FIND Trafficking Act Fight Illicit Networks and Detect Trafficking Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR6139

Improving Investment Research for Small and Emerging Issuers Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HR6177

Developing and Empowering our Aspiring Leaders Act of 2018

Placed on the Union Calendar, Calendar No. 687.

HR6319

Expanding Investment in Small Businesses Act

Placed on the Union Calendar, Calendar No. 676.

HR6320

Promoting Transparent Standards for Corporate Insiders Act

Placed on the Union Calendar, Calendar No. 689.

HR6321

Investment Adviser Regulatory Flexibility Improvement Act

Placed on the Union Calendar, Calendar No. 682.

HR6322

Enhancing Multi-Class Stock Disclosures Act

Placed on the Union Calendar, Calendar No. 677.

HR6323

National Senior Investor Initiative Act of 2018 Senior Security Act of 2018

Placed on the Union Calendar, Calendar No. 684.

HR6324

Middle Market IPO Underwriting Cost Act

Placed on the Union Calendar, Calendar No. 685.

HR6380

Crowdfunding Amendments Act

Referred to the House Committee on Financial Services.

HR79

HALOS Act Helping Angels Lead Our Startups Act

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HRes375

Providing for consideration of the bill (H.B. 10) to create hope and opportunity for investors, consumers, and entrepreneurs by ending bailouts and Too Big to Fail, holding Washington and Wall Street accountable, eliminating red tape to increase access to capital and credit, and repealing the provisions of the Dodd-Frank Act that make America less prosperous, less stable, and less free, and for other purposes.

Motion to reconsider laid on the table Agreed to without objection.

Similar To

HRes905

Providing for consideration of the bill (H.B. 5515) to authorize appropriations for fiscal year 2019 for military activities of the Department of Defense and for military construction, to prescribe military personnel strengths for such fiscal year, and for other purposes; providing for consideration of the bill (S. 204) to authorize the use of unapproved medical products by patients diagnosed with a terminal illness in accordance with State law, and for other purposes; and providing for consider

Motion to reconsider laid on the table Agreed to without objection.

Similar To

S1031

Crowdfunding Enhancement Act

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S2155

Economic Growth, Regulatory Relief, and Consumer Protection Act

Became Public Law No: 115-174.

S3213

Crowdfunding Amendments Act

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S3283

Options Markets Stability Act

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S3323

National Senior Investor Initiative Act of 2018 Senior Security Act of 2018

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S3518

Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2018

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S3574

Alleviating Stress Test Burdens to Help Investors Act

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S3575

Modernizing Disclosures for Investors Act

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S3576

Developing and Empowering our Aspiring Leaders Act of 2018

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S3578

Improving Investment Research for Small and Emerging Issuers Act

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S3579

Investment Adviser Regulatory Flexibility Improvement Act

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S3723

Main Street Growth Act

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S3731

BUILD Act Building Up Independent Lives and Dreams Act

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

S3750

Common Sense Credit Union Capital Relief Act of 2018

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill > S488

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (3)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary