HR1343: Encouraging Employee Ownership Act of 2017

By | November 30, 2017
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Seal of the U.S. Securities and Exchange Commission.

Seal of the U.S. Securities and Exchange Commission.

Increases the sales threshold for mandatory benefit plan disclosures.

Official Summary

Encouraging Employee Ownership Act of 2017

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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Passed House
2017-04-04
Passed Senate
Signed by President
Became Public Law

Amendments

Amended in committee.

Sponsors

Original sponsor: Rep. Hultgren, Randy [R-IL-14]

Cosponsors: Rep. Delaney, John K. [D-MD-6], Rep. Stivers, Steve [R-OH-15], Rep. Sinema, Kyrsten [D-AZ-9], Rep. Higgins, Brian [D-NY-26], Rep. MacArthur, Thomas [R-NJ-3], Rep. Trott, David A. [R-MI-11], Rep. Gottheimer, Josh [D-NJ-5]

Votes

Passed House: http://clerk.house.gov/evs/2017/roll216.xml

Read the Bill

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