[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2497 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 2497

To permit an issuer, when determining the market capitalization of the 
 issuer for purposes of testing the significance of an acquisition or 
     disposition, to include the value of all shares of the issuer.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 6, 2023

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

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                                 A BILL


 
To permit an issuer, when determining the market capitalization of the 
 issuer for purposes of testing the significance of an acquisition or 
     disposition, to include the value of all shares of the issuer.

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

SECTION 1. AVOIDING ABERRATIONAL RESULTS IN REQUIREMENTS FOR 
              ACQUISITION AND DISPOSITION FINANCIAL STATEMENTS.

    The Securities and Exchange Commission shall revise section 210.1-
02(w)(1)(i)(A) of title 17, Code of Federal Regulations, to permit a 
registrant, in determining the significance of an acquisition or 
disposition described in such section 210.1-02(w)(1)(i)(A), to 
calculate the registrant's aggregate worldwide market value based on 
the applicable trading value, conversion value, or exchange value of 
all of the registrant's outstanding classes of stock (including 
preferred stock and non-traded common shares that are convertible into 
or exchangeable for traded common shares) and not just the voting and 
non-voting common equity of the registrant.
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