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house Bill H.R. 801

Exempting Smaller Savings and Loan Associations from SEC Registration

Argument in favor

Provides substantial cost savings for smaller financial institutions and corrects an unintentional omission in the JOBS Act of 2010.

Argument opposed

All financial institutions should have to provide quarterly reports to the SEC, regardless of size.

bill Progress

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

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What is House Bill H.R. 801?

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. 


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

Cost of House Bill H.R. 801

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


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.

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