S 1495
115th Congress
Senate
Native Americans
Alaska
Alaska Natives and Hawaiians
Corporate finance and management
Indian claims
Securities
ANCSA Fractional Shares Consolidation Act of 2017
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 29, 2017
Read twice and referred to the Committee on Energy and Natural Resources.
Jun 29, 2017
Introduced in Senate
Plain-English summary
ANCSA Fractional Shares Consolidation Act of 2017
This bill amends the Alaska Native Claims Settlement Act to allow Alaska Native regional corporations to issue a full share of any class of stock, for no consideration, in exchange for a fractional share of the same class of stock, held by any shareholder, as long as the corporation exchanges all fractional shares of a class of stock for full shares at the same time.
After converting fractional shares of stock to full shares, a corporation may adopt a policy that provides for the elimination of fractional shares.
What's happening now
Read twice and referred to the Committee on Energy and Natural Resources.
Committees of jurisdiction
1
Cosponsors
1