To direct the Securities and Exchange Commission to revise its rules so as to increase the threshold amount for requiring issuers to provide certain disclosures relating to compensatory benefit plans.
Latest action · May 22, 2014 Ordered to be Reported (Amended) by the Yeas and Nays: 36 - 23.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 6, 2014
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Directs the Securities and Exchange Commission (SEC) to revise regulations to require an issuer to furnish investors with additional specified disclosures regarding compensatory benefit plans if the aggregate sales price or amount of securities sold during any consecutive 12-month period exceeds $20 million (currently $5 million).
Directs the SEC to index that aggregate sales price or amount for inflation every 5 years.
Cosponsors 8
Members who signed on, in the order they did. Signatures ran from May 21, 2014 to Jul 18, 2014.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Dennis A. Ross | May 21, 2014 | |
| R-PA | Michael G. Fitzpatrick | May 21, 2014 | |
| R-SC | Mick Mulvaney | May 21, 2014 | |
| R-VA | Robert Hurt | May 21, 2014 | |
| R-NJ | Scott Garrett | May 21, 2014 | |
| R-AL | Spencer Bachus | May 21, 2014 | |
| R-OH | Steve Stivers | May 21, 2014 | |
| D-CO | Jared Polis | Jul 18, 2014 |
Actions 5
Everything that happened, newest first.
- May 22, 2014Committee Consideration and Mark-up Session Held.
- May 22, 2014Ordered to be Reported (Amended) by the Yeas and Nays: 36 - 23.
- May 6, 2014Introduced in House
- May 6, 2014Referred to the House Committee on Financial Services.
- Apr 9, 2014Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 5405 | Promoting Job Creation and Reducing Small Business Burdens Act | Related bill | Sep 17, 2014 |
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- May 6, 2014Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.