[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 6750 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 6750

 To amend the Securities Exchange Act of 1934 with respect to certain 
       security registration thresholds, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 15, 2022

Mr. Steube (for himself and Mr. Donalds) introduced the following bill; 
       which was referred to the Committee on Financial Services

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                                 A BILL


 
 To amend the Securities Exchange Act of 1934 with respect to certain 
       security registration thresholds, 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 ``More Accurate Metrics in Securities 
Law Act''.

SEC. 2. SECURITY REGISTRATION THRESHOLDS.

    (a) In General.--Section 12(g)(1)(A) of the Securities Exchange Act 
of 1934 (15 U.S.C. 78l(g)(1)(A)) is amended to read as follows:
            ``(A) within 120 days after the last day of its first 
        fiscal year ended on which the issuer has--
                    ``(i) total assets exceeding $15,000,000; and
                    ``(ii) either--
                            ``(I) a class of equity security (other 
                        than an exempted security) held of record by 
                        greater than a number of beneficial owners 
                        determined by the Commission by rule; or
                            ``(II) market capitalization exceeding an 
                        amount determined by the Commission by rule, 
                        and''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
take effect on the date that is 180 days after the date of the 
enactment of this Act.
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