Encouraging Employee Ownership Act
USA115th CongressS-488| Senate
| Updated: 7/18/2018
Patrick Toomey
Republican Senator
Pennsylvania
Cosponsors (2)
Banking, Housing, and Urban Affairs Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
(This measure has not been amended since it was introduced. The expanded summary of the Senate reported version is repeated here.) Encouraging Employee Ownership Act (Sec. 2) This bill requires the Securities and Exchange Commission to increase, from $5 million to $10 million, the 12-month sales threshold beyond which an issuer is required to provide investors with additional disclosures related to compensatory benefit plans.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 15.
Latest Companion Bill Action
HR 115-1343Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S5169; text: CR S5169)
Passed Senate without amendment by Unanimous Consent. (consideration: CR S5169; text: CR S5169)
Message on Senate action sent to the House.
Received in the House.
Held at the desk.
Mr. Hensarling moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H6295-6312)
DEBATE - The House proceeded with forty minutes of debate on S. 488.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H6342-6343)
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 406 - 4 (Roll no. 333). (text: CR H6295-6306)
View VoteMotion to reconsider laid on the table Agreed to without objection.
The title of the measure was amended. Agreed to without objection.
Message on House action received in Senate and at desk: House amendments to Senate bill.
Finance and Financial Sector
Administrative law and regulatory proceduresEmployee benefits and pensionsFinancial services and investmentsSecuritiesSecurities and Exchange Commission (SEC)
Encouraging Employee Ownership Act
USA115th CongressS-488| Senate
| Updated: 7/18/2018
(This measure has not been amended since it was introduced. The expanded summary of the Senate reported version is repeated here.) Encouraging Employee Ownership Act (Sec. 2) This bill requires the Securities and Exchange Commission to increase, from $5 million to $10 million, the 12-month sales threshold beyond which an issuer is required to provide investors with additional disclosures related to compensatory benefit plans.
Suggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.
Committee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 15.
Latest Companion Bill Action
HR 115-1343Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S5169; text: CR S5169)
Passed Senate without amendment by Unanimous Consent. (consideration: CR S5169; text: CR S5169)
Message on Senate action sent to the House.
Received in the House.
Held at the desk.
Mr. Hensarling moved to suspend the rules and pass the bill, as amended.
Considered under suspension of the rules. (consideration: CR H6295-6312)
DEBATE - The House proceeded with forty minutes of debate on S. 488.
At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
Considered as unfinished business. (consideration: CR H6342-6343)
On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 406 - 4 (Roll no. 333). (text: CR H6295-6306)
View VoteMotion to reconsider laid on the table Agreed to without objection.
The title of the measure was amended. Agreed to without objection.
Message on House action received in Senate and at desk: House amendments to Senate bill.
Patrick Toomey
Republican Senator
Pennsylvania
Cosponsors (2)
Banking, Housing, and Urban Affairs Committee
Finance and Financial Sector
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- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresEmployee benefits and pensionsFinancial services and investmentsSecuritiesSecurities and Exchange Commission (SEC)