<?xml version="1.0" encoding="UTF-8"?>
<BillSummaries>
<item congress="113" measure-type="hr" measure-number="4554" measure-id="id113hr4554" originChamber="HOUSE" orig-publish-date="2014-05-01" update-date="2014-07-08">
<title>Restricted Securities Relief Act of 2014</title>
<summary summary-id="id113hr4554v00" currentChamber="HOUSE" update-date="2014-07-08">
<action-date>2014-05-01</action-date>
<action-desc>Introduced in House</action-desc>
<summary-text><![CDATA[<p>Restricted Securities Relief Act of 2014 - Directs the Securities and Exchange Commission (SEC) to revise specified regulations to: (1) reduce from six to three months the holding period for restricted securities issued by an issuer that is, and has been for at least 90 days immediately before the sale, subject to certain reporting requirements of the Securities Exchange Act of 1934; and (2) permit a securities issuer with no or nominal operations and no or nominal non-cash assets that has ceased to be such an issuer to sell its securities two years after filing with the SEC a Form 8-K stating that it is no longer an issuer with no or nominal operations and no or nominal non-cash assets.</p>Amends the Securities Act of 1933 to exempt from any state or local registration or qualification requirements any security offered or sold in compliance with specified conditions for private resales of securities to institutions.]]></summary-text>
</summary>
</item>
<dublinCore xmlns:dc="http://purl.org/dc/elements/1.1/">
<dc:format>text/xml</dc:format>
<dc:language>EN</dc:language>
<dc:rights>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.</dc:rights>
<dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
<dc:description>This file contains bill summaries 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.</dc:description>
</dublinCore>
</BillSummaries>
