United States 112th Congress Status: Died 1 D cosponsors

HR 1965 — To amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes.

Last action — Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 223.

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  1. ✓
    Introduced
  2. Died in session

This bill died with 112th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

Amends the Securities Exchange Act of 1934 to increase from $1 million to $10 million the shareholder registration threshold for an issuer of securities. Requires an issuer that is either a bank or a bank holding company to register a security with the Securities and Exchange Commission (SEC) if its assets exceed $10 million and include a certain class of equity security held of record by 2,000 or more persons. Requires termination of a security registration in the case of a bank or a bank holding company if the number of holders of record of the class of security is reduced to less than 1,200. Repeals periodic reporting requirements also for such a bank or bank holding company. Directs the Chief Economist and the Director of the Division of Corporation Finance of the SEC to conduct a joint cost-benefit analysis of shareholder registration thresholds. Directs the SEC to issue final regulations to implement this Act not later than 1 year after its date of enactment.

Bill Text

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Read HR 1965 on the official United States source →

Action History

  1. Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 223.

  2. Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.

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

  4. On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 420 - 2 (Roll no. 819). (text: CR H7226-7227)

  5. Considered as unfinished business. (consideration: CR H7235-7236)

  6. At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.

  7. DEBATE - The House proceeded with forty minutes of debate on H.R. 1965.

  8. Considered under suspension of the rules. (consideration: CR H7226-7229)

  9. Mr. Schweikert moved to suspend the rules and pass the bill, as amended.

  10. Ordered to be Reported by Voice Vote.

  11. Committee Consideration and Mark-up Session Held.

  12. Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .

  13. Subcommittee Consideration and Mark-up Session Held.

  14. Subcommittee Hearings Held.

  15. Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

  16. Referred to the House Committee on Financial Services.

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 546 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (546)

546 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance
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Frequently asked questions

What does HR 1965 do?
Amends the Securities Exchange Act of 1934 to increase from $1 million to $10 million the shareholder registration threshold for an issuer of securities. Requires an issuer that is either a bank or a bank holding company to register a security with the Securities and Exchange Commission (SEC) if its assets exceed $10 million and include a certain class of equity security held of record by 2,000 or more persons. Requires termination of a security registration in the case of a bank or a bank holding company if the number of holders of record of the class of security is reduced to less than 1,200. Repeals periodic reporting requirements also for such a bank or bank holding company. Directs the Chief Economist and the Director of the Division of Corporation Finance of the SEC to conduct a joint cost-benefit analysis of shareholder registration thresholds. Directs the SEC to issue final regulations to implement this Act not later than 1 year after its date of enactment.
Who sponsors HR 1965?
HR 1965 is sponsored by James Himes (D).
What is the current status of HR 1965?
This bill died with 112th Congress. It reached “Introduced” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 1965?
Track HR 1965 free on One Click Politics — get push/email alerts when it moves.

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