3.0.0 2167 2022-03-01T06:43:08Z 2022-03-01T06:43:08Z House H HR 2011-06-14 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SCHWEIKERT:H.R. 2167.Congress has the power to enact this legislation pursuantto the following:Article One, Section Eight[Page H4186]]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Reported by 2011-10-05T13:20:33Z Markup by 2011-10-05T13:20:11Z Referred to 2011-10-04T16:47:37Z Hearings by 2011-09-21T13:14:20Z Reported by 2011-12-12T21:58:17Z Markup by 2011-10-26T13:17:40Z Referred to 2011-06-14T14:03:15Z H. Rept. 112-327 Private Company Flexibility and Growth Act 112 1824 S 2012-03-06 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-482. Related bill CRS 2011-12-12 Placed on the Union Calendar, Calendar No. 223. Calendars H12410 2 House floor actions U00223 2011-12-12 Reported (Amended) by the Committee on Financial Services. H. Rept. 112-327. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2011-12-12 Reported (Amended) by the Committee on Financial Services. H. Rept. 112-327. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2011-10-26 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported by Voice Vote. Committee 2011-10-26 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2011-10-05 hsba16 Capital Markets Subcommittee 1 House committee actions Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote . Committee 2011-10-05 hsba16 Capital Markets Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2011-10-04 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2011-09-21 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. Committee 2011-06-14 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-06-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-06-14 Introduced in House IntroReferral 1000 9 Library of Congress S001183 Rep. Schweikert, David [R-AZ-5] David Schweikert R AZ 5 N H001047 Rep. Himes, James A. [D-CT-4] James Himes D CT A. 4 2011-06-14 True C001082 Rep. Canseco, Francisco "Quico" [R-TX-23] Francisco Canseco R TX Quico 23 2011-06-14 True Q000023 Rep. Quigley, Mike [D-IL-5] Mike Quigley D IL 5 2011-06-14 True J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2011-06-14 True P000593 Rep. Perlmutter, Ed [D-CO-7] Ed Perlmutter D CO 7 2011-06-14 True B001232 Rep. Biggert, Judy [R-IL-13] JUDY BIGGERT R IL 13 2011-06-14 True I000056 Rep. Issa, Darrell E. [R-CA-49] DARRELL ISSA R CA E. 49 2011-06-14 True C001064 Rep. Campbell, John [R-CA-48] John Campbell R CA 48 2011-06-15 False M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2011-06-15 False M001138 Rep. Manzullo, Donald A. [R-IL-16] DONALD MANZULLO R IL 16 2011-06-24 False L000566 Rep. Latta, Robert E. [R-OH-5] Robert Latta R OH E. 5 2011-07-28 False P000598 Rep. Polis, Jared [D-CO-2] Jared Polis D CO 2 2011-08-09 False M001137 Rep. Meeks, Gregory W. [D-NY-6] GREGORY MEEKS D NY W. 6 2011-08-09 False H001060 Rep. Hurt, Robert [R-VA-5] Robert Hurt R VA 5 2011-09-09 False S000030 Rep. Sanchez, Loretta [D-CA-47] LORETTA SANCHEZ D CA 47 2011-09-09 False W000800 Rep. Welch, Peter [D-VT-At Large] Peter Welch D VT 0 2011-09-20 False B001254 Rep. Boren, Dan [D-OK-2] Dan Boren D OK 2 2011-09-20 False F000451 Rep. Fitzpatrick, Michael G. [R-PA-8] Michael Fitzpatrick R PA G. 8 2011-09-20 False H001054 Rep. Hayworth, Nan A. S. [R-NY-19] Nan Hayworth R NY A. S. 19 2011-10-04 False A000022 Rep. Ackerman, Gary L. [D-NY-5] GARY ACKERMAN D NY L. 5 2011-10-04 False D000613 Rep. Dold, Robert J. [R-IL-10] Robert Dold R IL J. 10 2011-10-04 False M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2011-10-05 False H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2011-10-05 False S000510 Rep. Smith, Adam [D-WA-9] ADAM SMITH D WA 9 2011-10-05 False C001083 Rep. Carney, John C., Jr. [D-DE-At Large] John Carney D DE C. 0 2011-10-05 False C001078 Rep. Connolly, Gerald E. [D-VA-11] Gerald Connolly D VA E. 11 2011-10-24 False K000363 Rep. Kline, John [R-MN-2] John Kline R MN 2 2011-10-26 False Finance and Financial Sector Administrative law and regulatory procedures Corporate finance and management Employee benefits and pensions Financial services and investments Securities Securities and Exchange Commission (SEC) Finance and Financial Sector 00 2011-06-14 Introduced in House 2011-09-12T19:41:17Z Private Company Flexibility and Growth Act - Amends the Securities Exchange Act of 1934 to change the thresholds for total assets and for class of equity security holders of record which trigger the requirement for a securities issuer to register with the Securities and Exchange Commission (SEC). Increases the total assets threshold from $1 million to $10 million, and the class of equity security holders of record threshold from 500-750 to 1,000 persons.

Declares that, with respect to such registration requirement, the definition of "held of record" does not include securities held by persons who: (1) qualify as accredited investors, or (2) received the securities pursuant to an employee compensation plan in transactions exempted from specified registration requirements of the Securities Act of 1933 (exempt transactions). (Thus exempts securities held such persons from registration requirements.)

Directs the SEC to: (1) revise the definition of "held of record" in accordance with this Act, and (2) adopt safe harbor provisions issuers can follow to determine whether holders of securities are accredited investors or have received securities pursuant to an employee compensation plan in an exempt transaction.

 


]]> 17 2011-12-12 Reported to House with amendment(s) 2012-03-07T20:06:24Z Private Company Flexibility and Growth Act - Amends the Securities Exchange Act of 1934 to change the thresholds for total assets and for class of equity security holders of record which trigger the requirement for a securities issuer to register with the Securities and Exchange Commission (SEC). Increases the total assets threshold from $1 million to $10 million, and the class of equity security holders of record threshold from 500-750 to 1,000 persons.

Declares that, with respect to such registration requirement, the definition of "held of record" does not include securities held by persons who received them pursuant to an employee compensation plan in transactions exempted from specified registration requirements of the Securities Act of 1933 (exempt transactions). (Thus exempts securities held by such persons from registration requirements.)

Directs the SEC to: (1) revise the definition of "held of record" in accordance with this Act, and (2) adopt safe harbor provisions issuers can follow when determining that holders of their securities received them pursuant to an employee compensation plan in an exempt transaction.

 


]]> Private Company Flexibility and Growth Act Short Titles as Introduced Private Company Flexibility and Growth Act Short Titles as Reported to House Private Company Flexibility and Growth Act H House Display Title Private Company Flexibility and Growth Act Official Title as Introduced To amend the Securities Exchange Act of 1934 to change the threshold number of shareholders for required registration under that Act. Reported in House 2011-12-12T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2167rh/xml/BILLS-112hr2167rh.xml Introduced in House 2011-06-14T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2167ih/xml/BILLS-112hr2167ih.xml 2011-12-12 Placed on the Union Calendar, Calendar No. 223. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.