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S. 488

Introduced

Encouraging Employee Ownership Act

Introduced 3/1/2017•115th Congress•Senate

Latest Action

Message on House action received in Senate and at desk: House amendments to Senate bill.

7/18/2018 • Senate

Summary

(This measure has not been amended since it was introduced. The expanded summary of the Senate reported version is repeated here.)

Encouraging Employee Ownership Act

(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.

Passed Senate without amendment • 9/11/2017

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Topics & Subjects

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

Related Federal Spending

Sponsor & Cosponsors (3)

Party Breakdown

1
Democrats
2
Republicans
0
Independents

Sponsor

S[
Sen. Toomey, Patrick [R-PA]

Republican • PA

Sponsored 3/1/2017

Cosponsors (2)

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

D-VA

Joined 3/1/2017

S[
Sen. Sasse, Ben [R-NE]

R-NE

Joined 3/9/2017

Bill Journey

Originated in the Senate

Introduced

March 1, 2017

Committee Review

March 9, 2017

Committee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.

Floor Debate

September 11, 2017

Passed Chamber

July 17, 2018

Other Chamber

September 12, 2017

President

Enacted into Law

Text Versions (4)

Engrossed Amendment House7/17/2018
Engrossed in Senate9/11/2017
Reported to Senate3/13/2017
Introduced in Senate3/1/2017

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Details

Bill TypeS
Current StatusIntroduced
Cosponsors2