US SB1233 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on April 30 2019 - 25% progression, died in committee
Action: 2019-04-30 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on April 30 2019 - 25% progression, died in committee
Action: 2019-04-30 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Creates an exemption from internal control report attestation requirements for depository institutions with assets less than $5 billion. These institutions are also exempt from certain annual reports on financial condition and management. The Securities and Exchange Commission must revise Regulation D (which exempts certain offerings from securities registration requirements) to (1) raise the limit on the number of purchasers of securities, and (2) include a person's primary residence as an asset used in determining whether a person is an accredited investor eligible to participate in these offerings.
Title
Community Bank Access to Capital Act of 2019
Sponsors
Sen. Mike Rounds [R-SD] | Sen. John Kennedy [R-LA] |
History
Date | Chamber | Action |
---|---|---|
2019-04-30 | Senate | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. |
Subjects
Accounting and auditing
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Finance and financial sector
Securities and Exchange Commission (SEC)
Administrative law and regulatory procedures
Bank accounts, deposits, capital
Banking and financial institutions regulation
Finance and financial sector
Securities and Exchange Commission (SEC)
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/senate-bill/1233/all-info |
Text | https://www.congress.gov/116/bills/s1233/BILLS-116s1233is.pdf |