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.
If enacted, the bill would mean less paper-pushing for smaller S&L associations.
The CBO estimates that the bill would have no significant effect on the federal budget.
Holding Company Registration Threshold Equalization Act of 2014
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.