S. 576 · 114th Congress
Encouraging Employee Ownership Act
- Stage
- In committee
- Sponsor
- Pat Toomey
- Introduced
- 2015-02-26
- Latest action
- 2015-03-24 · Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held.
Summary
Encouraging Employee Ownership Act
Directs the Securities and Exchange Commission 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 $10 million (currently $5 million), indexed for inflation every five years.