S. 576

Introduced

Encouraging Employee Ownership Act

Introduced 2/26/2015•114th Congress•Senate

Latest Action

Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held. With printed Hearing: S.Hrg. 114-16.

3/24/2015 • Senate

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.

Introduced in Senate • 2/26/2015

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Topics & Subjects

Policy Area: Finance and Financial Sector

Administrative law and regulatory proceduresEmployee benefits and pensionsFinancial services and investmentsSecuritiesSecurities and Exchange Commission (SEC)

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (2)

Party Breakdown

Democrats

Republicans

Independents

Sponsor

Sen. Toomey, Patrick [R-PA]

Republican • PA

Cosponsors (1)

Sen. Warner, Mark R. [D-VA]

D-VA

Joined 2/26/2015

Bill Journey

Originated in the Senate

Introduced

February 26, 2015

Committee Review

March 24, 2015

Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance, and Investment. Hearings held. With printed Hearing: S.Hrg. 114-16.

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law