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HR 2497 118th Congress House Finance and Financial Sector

To permit an issuer, when determining the market capitalization of the issuer for purposes of testing the significance of an acquisition or disposition, to include the value of all shares of the…

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To permit an issuer, when determining the market capitalization of the issuer for purposes of testing the significance of an acquisition or disposition, to include the value of all shares of the issuer.

Introduced: April 6, 2023 Introduced by: Hill, J. French Republican · Arkansas See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2023
Referred to the House Committee on Financial Services.
Apr 6, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

This bill expands the information allowed when calculating whether an acquisition or disposition of a subsidiary is significant for purposes of required financial disclosures by publicly traded companies. Currently, an acquisition or disposition is considered significant when the company's investment in the subsidiary is calculated to exceed 10% of the aggregate worldwide market value of the company's voting and non-voting common equity. Under the bill, this market value may additionally include applicable trading value, conversion value, or exchange value of all of the company's outstanding classes of stock, including preferred stock and non-traded common shares that are convertible into or exchangeable for traded common shares.

What's happening now April 6, 2023

Referred to the House Committee on Financial Services.

 Related & companion bills 1
  • HR 2799 Related bill Expanding Access to Capital Act of 2023
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 2497: To permit an issuer, when determining the market capitalization of the issuer for purposes of testing the significance of an acquisition or disposition, to include the value of all shares of the issuer.. 118th Congress. Open America. https://openamerica.io/bill/118-HR-2497/
MLA
"H.R. 2497: To permit an issuer, when determining the market capitalization of the issuer for purposes of testing the significance of an acquisition or disposition, to include the value of all shares of the issuer.." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-2497/.
Bluebook (legal)
H.R. 2497, 118th Cong. (2026), https://openamerica.io/bill/118-HR-2497/.
Markdown link
[H.R. 2497: To permit an issuer, when determining the market capitalization of the issuer for purposes of testing the significance of an acquisition or disposition, to include the value of all shares of the issuer.](https://openamerica.io/bill/118-HR-2497/)
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