Summary

                            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.

Introduced in House
Encouraging Employee Ownership Act of 2017

This bill requires the Securities and Exchange Commission to increase, from $5
million to $10 million, the 12-month sales threshold beyond which an issuer is
required to provide investors with additional disclosures related to
compensatory benefit plans.

Reported to House without amendment
(This measure has not been amended since it was introduced. The summary has been
expanded because action occurred on the measure.)

Encouraging Employee Ownership Act of 2017

(Sec. 2) This bill requires the Securities and Exchange Commission to increase,
from $5 million to $10 million, the 12-month sales threshold beyond which an
issuer is required to provide investors with additional disclosures related to
compensatory benefit plans.



                        

Actions

  • Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

    Apr 5th, 2017
  • Considered under the provisions of rule H. Res. 240. (consideration: CR H2667-2678)

    Apr 4th, 2017
  • On passage Passed by the Yeas and Nays: 331 - 87 (Roll no. 216). (text of amendment in the nature of a substitute: CR H2667)

    Apr 4th, 2017
  • Passed/agreed to in House: On passage Passed by the Yeas and Nays: 331 - 87 (Roll no. 216).(text of amendment in the nature of a substitute: CR H2667)

    Apr 4th, 2017
  • On motion to recommit with instructions Failed by the Yeas and Nays: 185 - 228 (Roll no. 215).

    Apr 4th, 2017
  • The previous question on the motion to recommit with instructions was ordered without objection.

    Apr 4th, 2017
  • DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to add a section to prohibit any exemption to an issuer if the issuer or affiliate of the issuer has withheld information from Congress relevant to its investigation of any collusion between persons associated with the Russian Government and persons associated with a presidential campaign.

    Apr 4th, 2017
  • Mr. Swalwell (CA) moved to recommit with instructions to the Committee on Financial Services. (text: CR H2675)

    Apr 4th, 2017
  • DEBATE - Pursuant to the provisions of H.Res. 240, the House proceeded with 10 minutes of debate on the Polis amendment.

    Apr 4th, 2017
  • DEBATE - The House proceeded with one hour of debate on H.R. 1343.

    Apr 4th, 2017
  • Rule provides for consideration of H.R. 1343 with 1 hour of general debate. Motion to recommit with or without instructions allowed.

    Apr 4th, 2017
  • Motion to reconsider laid on the table Agreed to without objection.

    Apr 4th, 2017
  • Rule H. Res. 240 passed House.

    Apr 4th, 2017
  • Rules Committee Resolution H. Res. 240 Reported to House. Rule provides for consideration of H.R. 1343 with 1 hour of general debate. Motion to recommit with or without instructions allowed.

    Apr 3rd, 2017
  • Placed on the Union Calendar, Calendar No. 42.

    Mar 29th, 2017
  • Reported by the Committee on Financial Services. H. Rept. 115-71.

    Mar 29th, 2017
  • Reported by the Committee on Financial Services. H. Rept. 115-71.

    Mar 29th, 2017
  • Ordered to be Reported by the Yeas and Nays: 48 - 11.

    Mar 9th, 2017
  • Committee Consideration and Mark-up Session Held.

    Mar 9th, 2017
  • Referred to the House Committee on Financial Services.

    Mar 2nd, 2017
  • Introduced in House

    Mar 2nd, 2017
  • Introduced in House

    Mar 2nd, 2017