HR 4554
113th Congress
House
Finance and Financial Sector
Administrative law and regulatory procedures
Corporate finance and management
Federal preemption
Licensing and registrations
Securities
Securities and Exchange Commission (SEC)
Restricted Securities Relief Act of 2014
Introduced: May 1, 2014
See on congress.gov
Everywhere this bill has been
5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 22, 2014
Ordered to be Reported by the Yeas and Nays: 29 - 28.
May 22, 2014
Committee Consideration and Mark-up Session Held.
May 1, 2014
Referred to the House Committee on Financial Services.
May 1, 2014
Introduced in House
Apr 9, 2014
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral.
Plain-English summary
Restricted Securities Relief Act of 2014 - Directs the Securities and Exchange Commission (SEC) to revise specified regulations to: (1) reduce from six to three months the holding period for restricted securities issued by an issuer that is, and has been for at least 90 days immediately before the sale, subject to certain reporting requirements of the Securities Exchange Act of 1934; and (2) permit a securities issuer with no or nominal operations and no or nominal non-cash assets that has ceased to be such an issuer to sell its securities two years after filing with the SEC a Form 8-K stating that it is no longer an issuer with no or nominal operations and no or nominal non-cash assets.
Amends the Securities Act of 1933 to exempt from any state or local registration or qualification requirements any security offered or sold in compliance with specified conditions for private resales of securities to institutions.
What's happening now
Ordered to be Reported by the Yeas and Nays: 29 - 28.
Committees of jurisdiction
2
Cosponsors
1