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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Senate Committee on Banking, Housing, and Urban Affairs
  • The house Passed January 14th, 2014
    Roll Call Vote 417 Yea / 4 Nay
      house Committees
      House Committee on Financial Services
    IntroducedFebruary 15th, 2013

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What is it?

Gives savings and loan associations (S&Ls) the ability to avoid registering with the United States Securities and Exchange Commission (SEC). As part of the Jumpstart Our Business Startups Act (JOBS Act) of 2010, banks could avoid costly SEC registration if they had fewer than 2,000 shareholders, and could deregister if they had fewer than 1,200 shareholders. The Senate companion bill is identical and has not been voted on. 

Impact

If enacted, the bill would mean less paper-pushing for smaller S&L associations.

Cost

The CBO estimates that the bill would have no significant effect on the federal budget.

AKA

Holding Company Registration Threshold Equalization Act of 2014

Official Title

To amend the Securities Exchange Act of 1934 to make the shareholder threshold for registration of savings and loan holding companies the same as for bank holding companies.