3.0.0 1824 2021-12-20T13:52:18Z 2021-12-20T13:52:18Z Senate S S 2011-11-08 112 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing ssbk04 Securities, Insurance, and Investment Subcommittee Hearings by 2011-12-14T15:25:57Z Hearings by 2012-03-06T15:04:37Z Referred to 2011-11-08T20:40:11Z Private Company Flexibility and Growth Act 112 2167 HR 2011-12-12 Placed on the Union Calendar, Calendar No. 223. Related bill CRS Capital Expansion Act 112 4088 HR 2012-02-24 Referred to the House Committee on Financial Services. Related bill CRS A bill to provide for exemptions from municipal advisor registration requirements. 112 3492 S 2012-08-02 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2012-03-06 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-482. Committee 2011-12-14 ssbk04 Securities, Insurance, and Investment Subcommittee Senate Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance and Investment. Hearings held. With printed Hearing: S.Hrg. 112-465. Committee 2011-12-01 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-444. Committee 2011-11-08 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2011-11-08 Introduced in Senate IntroReferral 10000 9 Library of Congress T000461 Sen. Toomey, Patrick [R-PA] Patrick Toomey R PA J. N C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. 2011-11-08 True W000805 Sen. Warner, Mark R. [D-VA] Mark Warner D VA R. 2011-11-08 True J000291 Sen. Johanns, Mike [R-NE] Mike Johanns R NE 2011-11-08 True K000360 Sen. Kirk, Mark Steven [R-IL] MARK KIRK R IL STEVEN 2011-11-10 False B001268 Sen. Brown, Scott P. [R-MA] Scott Brown R MA P. 2011-11-14 False C001088 Sen. Coons, Christopher A. [D-DE] Christopher Coons D DE A. 2011-12-14 False D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2012-03-22 False Finance and Financial Sector Administrative law and regulatory procedures Banking and financial institutions regulation Corporate finance and management Employee benefits and pensions Financial services and investments Securities Securities and Exchange Commission (SEC) State and local finance Finance and Financial Sector 00 2011-11-08 Introduced in Senate 2012-02-08T21:27:21Z 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 2,000 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 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 have received securities pursuant to an employee compensation plan in an exempt transaction.

Requires termination of the registration of a class of security of a bank or bank holding company, and subjects to automatic suspension the related duty to file supplementary and periodic information with the SEC, if the number of holders of record of such class of security is reduced to less than 1,200 persons.

Excludes from the identity of municipal advisor (subject to registration requirements) any person appointed to or volunteering on a board, commission, committee, or similar function of a municipal entity. Exempts also from registration requirements any banks, including agencies or branches of a foreign bank.

 


]]> Private Company Flexibility and Growth Act Short Titles as Introduced Private Company Flexibility and Growth Act Display Title Private Company Flexibility and Growth Act Official Title as Introduced A bill to amend the securities laws to establish certain thresholds for shareholder registration under that Act, and for other purposes. Introduced in Senate 2011-11-08T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1824is/xml/BILLS-112s1824is.xml 2012-03-06 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-482. 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.