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S.872: Holding Company Registration Threshold Equalization Act of 2013

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 Patrick J. Toomey, R-Pa.
Total Cosponsors 2 (1 Democrat, 1 Independent)
Introduced May 7, 2013
Latest Major Action May 7, 2013
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Bill Progress

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

Bill Summary

Holding Company Registration Threshold Equalization Act of 2013 - Amends the Securities Exchange Act of 1934 to require an issuer that is a savings and loan holding company to register with the Securities and Exchange Commission (SEC) if: (1) its assets exceed $10 million, and (2) it has a class of equity security held of record by 2,000 or more persons.

Requires termination of such registration after a savings and loan holding company certifies that its holders of record of such class of security has been reduced to fewer than 1,200 persons.

Suspends automatically the duty of a savings and loan holding company to file supplementary and periodic information if the securities of each class to which the registration statement relates (other than any class of asset-backed securities) are held of record by fewer than 1,200 persons.

(Source: Congressional Research Service)

Bill Actions

Date Description
May 7, 2013 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.