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More Accurate Metrics in Securities Law Act

USA117th CongressHR-6750| House 
| Updated: 2/15/2022
W. Gregory Steube

W. Gregory Steube

Republican Representative

Florida

Cosponsors (1)
Byron Donalds (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Feb 15, 2022
Introduced in House
Feb 15, 2022
Referred to the House Committee on Financial Services.
  • February 15, 2022
    Introduced in House


  • February 15, 2022
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

More Accurate Metrics in Securities Law Act

USA117th CongressHR-6750| House 
| Updated: 2/15/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Feb 15, 2022
Introduced in House
Feb 15, 2022
Referred to the House Committee on Financial Services.
  • February 15, 2022
    Introduced in House


  • February 15, 2022
    Referred to the House Committee on Financial Services.
W. Gregory Steube

W. Gregory Steube

Republican Representative

Florida

Cosponsors (1)
Byron Donalds (Republican)

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted