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S. 4857 117th Congress Senate

Private Markets Transparency and Accountability Act

Official title: A bill to amend the Securities Exchange Act of 1934 to require companies to file public reports after meeting certain quantitative thresholds, and for other purposes.

Introduced: September 15, 2022 Introduced by: Jack Reed Democratic · Rhode Island See on congress.gov
Finance and Financial Sector Business recordsCorporate finance and managementSecurities
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 14, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Sep 15, 2022
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S4640-4641)
Sep 15, 2022
Introduced in Senate
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 Latest action December 14, 2022

Committee on Banking, Housing, and Urban Affairs. Hearings held.

 Plain-English summary Congressional Research Service

Private Markets Transparency and Accountability Act

This bill requires certain private companies to register with the Securities and Exchange Commission (SEC) and thereby publicly disclose business practices and financial information.

Under current law, companies with assets exceeding $10 million and with a class of securities held by either 2,000 persons, or 500 persons who are not accredited investors, must register with the SEC. In addition, the bill requires companies to register if (1) their valuation exceeds $700 million, or (2) their annual revenue exceeds $5 billion and they have at least 5,000 employees.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Cortez Masto, Catherine
Nevada · Sep 15, 2022
 D
Warren, Elizabeth
Massachusetts · Sep 15, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4857: Private Markets Transparency and Accountability Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-4857/
MLA
"S. 4857: Private Markets Transparency and Accountability Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4857/.
Bluebook (legal)
S. 4857, 117th Cong. (2026), https://openamerica.io/bill/117-S-4857/.
Markdown link
[S. 4857: Private Markets Transparency and Accountability Act](https://openamerica.io/bill/117-S-4857/)
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