H.R. 2605 · 118th Congress
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.
- Stage
- In committee
- Sponsor
- Patrick McHenry
- Introduced
- 2023-04-13
- Latest action
- 2023-04-13 · Introduced in House
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.