118th Congress · HOUSE BILLBILL

H.R. 2605 — To amend the Securities Exchange Act of 1934 to exclude qualified institutional buyers and institutional accredited investors when calculating holders of a security for purposes of the mandatory registration threshold under such Act, and for other purposes.

“To amend the Securities Exchange Act of 1934 to exclude qualified institutional buyers and institutional accredited investors when calculating holders of a security for purposes of the mandatory registration threshold under such Act, and for other purposes.”

Finance and financial sector

Introduced Apr 13, 2023

Last action Apr 13, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 13, 2023

Step 2

Referred

Apr 13, 2023

Financial Services

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill excludes certain institutional investors and buyers as holders of a security. Specifically, these investors are not considered security holders under mandatory securities registration thresholds applicable to an issuer of securities.

Provisions · 1 sectionsIntroduced in House

Timeline · 2 actions

Apr 13, 2023

Introduced in House

Apr 13, 2023

Referred to the House Committee on Financial Services.