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H. Rept. 114-200 1 (2015-07-14)

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                   114TH CONGRESS                                     REPORT
                      1st Session   HOUSE  OF REPRESENTATIVES         114-200





                        HOLDING COMPANY REGISTRATION THRESHOLD
                                   EQUALIZATION ACT OF 2015


                    JULY 14, 2015.-Committed to the Committee of the Whole House on the State of
                                     the Union and ordered to be printed


                      Mr. HENSARLING, from the Committee  on Financial Services,
                                       submitted the following


                                          REPORT

                                        [To accompany H.R. 1334]

                            [Including cost estimate of the Congressional Budget Office]
                     The Committee  on Financial Services, to whom was referred the
                   bill (H.R. 1334) to amend the Securities Exchange Act of 1934 to
                   make the shareholder threshold for registration of savings and loan
                   holding companies the same as for bank holding companies, having
                   considered the same, report favorably thereon without amendment
                   and recommend  that the bill do pass.
                                       PURPOSE  AND SUMMARY
                     H.R. 1334, the Holding Company Registration Threshold Equali-
                   zation Act of 2015, amends Title VI of the Jumpstart Our Busi-
                   ness Startups Act to raise the threshold for mandatory registration
                   with the Securities and Exchange Commission of savings and loan
                   companies from 500 shareholders of record to 2,000 shareholders of
                   record (with no limitation on the number of non-accredited inves-
                   tors) and to raise the threshold for a savings and loan company to
                   terminate its registration from 300 to 1,200 shareholders of record.
                               BACKGROUND  AND  NEED FOR  LEGISLATION
                     H.R. 1334 applies the shareholder registration and deregistration
                   thresholds contained in Title VI of the JOBS Act to savings and
                   loan holding companies (SLHCs). Title VI raised the shareholder
                   registration threshold with the SEC from 500 shareholders to 2,000
                   for companies with total assets over $10 million. Title VI also
                   raised the deregistration threshold from 300 shareholders to 1,200
                   for banks and bank holding companies. The JOBS  Act did not ex-
                      49-006

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