[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4088 Introduced in House (IH)]

112th CONGRESS
  2d Session
                                H. R. 4088

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


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 24, 2012

  Mr. Quayle introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


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

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Capital Expansion Act''.

SEC. 2. SHAREHOLDER REGISTRATION THRESHOLD.

    (a) Amendments to Section 12 of the Securities Exchange Act of 
1934.--Section 12(g) of the Securities Exchange Act of 1934 (15 U.S.C. 
78l(g)) is amended--
            (1) in paragraph (1)--
                    (A) by striking ``$1,000,000'' both places it 
                appears and inserting ``$10,000,000'';
                    (B) in subparagraph (A), by striking ``; and'' and 
                inserting a semicolon;
                    (C) in subparagraph (B), by striking the comma at 
                the end and inserting ``; and''; and
                    (D) by inserting after subparagraph (B) the 
                following:
            ``(C) in the case of an issuer that is a bank or a bank 
        holding company, as such term is defined in section 2 of the 
        Bank Holding Company Act of 1956 (12 U.S.C. 1841), not later 
        than 120 days after the last day of its first fiscal year ended 
        after the effective date of this subsection, on which the 
        issuer has total assets exceeding $10,000,000 and a class of 
        equity security (other than an exempted security) held of 
        record by 2,000 or more persons,''; and
            (2) in paragraph (4), by striking ``three hundred'' and 
        inserting ``300 persons, or, in the case of a bank, as such 
        term is defined in section 3(a)(6), or a bank holding company, 
        as such term is defined in section 2 of the Bank Holding 
        Company Act of 1956 (12 U.S.C. 1841), 1,200 persons''.
    (b) Amendments to Section 15 of the Securities Exchange Act of 
1934.--Section 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 
78o(d)) is amended, in the third sentence, by striking ``three 
hundred'' and inserting ``300 persons, or, in the case of bank or a 
bank holding company, as such term is defined in section 2 of the Bank 
Holding Company Act of 1956 (12 U.S.C. 1841), 1,200 persons''.

SEC. 3. RULEMAKING.

    Not later than 1 year after the date of enactment of this Act, the 
Securities and Exchange Commission shall issue final regulations to 
implement this Act and the amendments made by this Act.
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