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H.R.4554: Restricted Securities Relief Act of 2014

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Mick Mulvaney, R-S.C.
Total Cosponsors 1 (All Republicans)
Introduced May 1, 2014
Latest Major Action May 22, 2014
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See it on C-SPAN

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

Restricted Securities Relief Act of 2014 - Directs the Securities and Exchange Commission (SEC) to revise specified regulations to: (1) reduce from six to three months the holding period for restricted securities issued by an issuer that is, and has been for at least 90 days immediately before the sale, subject to certain reporting requirements of the Securities Exchange Act of 1934; and (2) permit a securities issuer with no or nominal operations and no or nominal non-cash assets that has ceased to be such an issuer to sell its securities two years after filing with the SEC a Form 8-K stating that it is no longer an issuer with no or nominal operations and no or nominal non-cash assets.

Amends the Securities Act of 1933 to exempt from any state or local registration or qualification requirements any security offered or sold in compliance with specified conditions for private resales of securities to institutions.

(Source: Congressional Research Service)

Bill Actions

Date Description
May 22, 2014 Ordered to be Reported by the Yeas and Nays: 29 - 28.
May 22, 2014 Committee Consideration and Mark-up Session Held.
May 1, 2014 Referred to the House Committee on Financial Services.
April 9, 2014 Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral.