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]

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.

Tracking Information

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Title

Community Bank Access to Capital Act of 2019

Sponsors


History

DateChamberAction
2019-04-30SenateRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Subjects


US Congress State Sources


Bill Comments

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