[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1343 Referred in Senate (RFS)]

<DOC>
115th CONGRESS
  1st Session
                                H. R. 1343


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                April 5 (legislative day, April 4), 2017

     Received; read twice and referred to the Committee on Banking, 
                       Housing, and Urban Affairs

_______________________________________________________________________

                                 AN ACT


 
To direct the Securities and Exchange Commission to revise its rules so 
 as to increase the threshold amount for requiring issuers to provide 
      certain disclosures relating to compensatory benefit plans.

    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 ``Encouraging Employee Ownership Act 
of 2017''.

SEC. 2. INCREASED THRESHOLD FOR DISCLOSURES RELATING TO COMPENSATORY 
              BENEFIT PLANS.

    Not later than 60 days after the date of the enactment of this Act, 
the Securities and Exchange Commission shall revise section 230.701(e) 
of title 17, Code of Federal Regulations, so as to increase from 
$5,000,000 to $10,000,000 the aggregate sales price or amount of 
securities sold during any consecutive 12-month period in excess of 
which the issuer is required under such section to deliver an 
additional disclosure to investors. The Commission shall index for 
inflation such aggregate sales price or amount every 5 years to reflect 
the change in the Consumer Price Index for All Urban Consumers 
published by the Bureau of Labor Statistics, rounding to the nearest 
$1,000,000.

            Passed the House of Representatives April 4, 2017.

            Attest:

                                                 KAREN L. HAAS,

                                                                 Clerk.