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H.R. 2167 112th Congress House

Private Company Flexibility and Growth Act

Official title: To amend the Securities Exchange Act of 1934 to change the threshold number of shareholders for required registration under that Act.

Introduced: June 14, 2011 Introduced by: David Schweikert Republican · Arizona See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresCorporate finance and managementEmployee benefits and pensionsFinancial services and investments
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SecuritiesSecurities and Exchange Commission (SEC)
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 10 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 12, 2011
Placed on the Union Calendar, Calendar No. 223.
Dec 12, 2011
Reported (Amended) by the Committee on Financial Services. H. Rept. 112-327.
Oct 26, 2011
Ordered to be Reported by Voice Vote.
Oct 26, 2011
Committee Consideration and Mark-up Session Held.
Oct 5, 2011
Subcommittee Consideration and Mark-up Session Held.
Oct 5, 2011
Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .
Oct 4, 2011
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Sep 21, 2011
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Jun 14, 2011
Referred to the House Committee on Financial Services.
Jun 14, 2011
Introduced in House
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 Latest action December 12, 2011

Placed on the Union Calendar, Calendar No. 223.

 Plain-English summary Congressional Research Service

Private Company Flexibility and Growth Act - Amends the Securities Exchange Act of 1934 to change the thresholds for total assets and for class of equity security holders of record which trigger the requirement for a securities issuer to register with the Securities and Exchange Commission (SEC). Increases the total assets threshold from $1 million to $10 million, and the class of equity security holders of record threshold from 500-750 to 1,000 persons.

Declares that, with respect to such registration requirement, the definition of "held of record" does not include securities held by persons who received them pursuant to an employee compensation plan in transactions exempted from specified registration requirements of the Securities Act of 1933 (exempt transactions). (Thus exempts securities held by such persons from registration requirements.)

Directs the SEC to: (1) revise the definition of "held of record" in accordance with this Act, and (2) adopt safe harbor provisions issuers can follow when determining that holders of their securities received them pursuant to an employee compensation plan in an exempt transaction.

 


 Related & companion bills 1
  • S 1824 Private Company Flexibility and Growth Act
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 27
All 27 Democratic 5 Republican 2
Kline, John
· Oct 26, 2011
 D
Connolly, Gerald E.
Virginia · Oct 24, 2011
Carney, John
· Oct 5, 2011
HINOJOSA, RUBEN
· Oct 5, 2011
MALONEY, CAROLYN
· Oct 5, 2011
 D
Smith, Adam
Washington · Oct 5, 2011
ACKERMAN, GARY
· Oct 4, 2011
Dold, Robert
· Oct 4, 2011
Hayworth, Nan
· Oct 4, 2011
Boren, Dan
· Sep 20, 2011
Fitzpatrick, Michael
· Sep 20, 2011
 D
Welch, Peter
Vermont · Sep 20, 2011
Hurt, Robert
· Sep 9, 2011
SANCHEZ, LORETTA
· Sep 9, 2011
 D
Meeks, Gregory W.
New York · Aug 9, 2011
Polis, Jared
· Aug 9, 2011
 R
Latta, Robert E.
Ohio · Jul 28, 2011
MANZULLO, DONALD
· Jun 24, 2011
Campbell, John
· Jun 15, 2011
McHenry, Patrick
· Jun 15, 2011
BIGGERT, JUDY
· Jun 14, 2011
Canseco, Francisco
· Jun 14, 2011
 D
Himes, James A.
Connecticut · Jun 14, 2011
 R
Issa, Darrell
California · Jun 14, 2011
JONES, WALTER
· Jun 14, 2011
Perlmutter, Ed
· Jun 14, 2011
 D
Quigley, Mike
Illinois · Jun 14, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2167: Private Company Flexibility and Growth Act. 112th Congress. Open America. https://openamerica.io/bill/112-HR-2167/
MLA
"H.R. 2167: Private Company Flexibility and Growth Act." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-2167/.
Bluebook (legal)
H.R. 2167, 112th Cong. (2026), https://openamerica.io/bill/112-HR-2167/.
Markdown link
[H.R. 2167: Private Company Flexibility and Growth Act](https://openamerica.io/bill/112-HR-2167/)
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