HR 6750
117th Congress
House
Finance and Financial Sector
More Accurate Metrics in Securities Law Act
Introduced: February 15, 2022
Introduced by:
Steube, W. Gregory
Republican
· Florida
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 15, 2022
Referred to the House Committee on Financial Services.
Feb 15, 2022
Introduced in House
Plain-English summary
More Accurate Metrics in Securities Law Act
This bill revises the registration requirements for issuers of securities. Currently, nonexempt, nonbank issuers must register their securities with the Securities and Exchange Commission (SEC) after a fiscal year in which the issuer has total assets exceeding $10 million and a class of equity security held by either (1) 2,000 persons, or (2) 500 persons who are not accredited investors.
The bill increases the asset threshold to $15 million and requires the SEC to determine by rule the number of beneficial owners who hold a security or the amount of market capitalization beyond which registration by the issuer is required.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1
Cosponsors
1