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Senate Bill 488
115th Congress(2017-2018)
JOBS and Investor Confidence Act of 2018
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Passed House on Jul 17, 2018
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S. 488 (Engrossed-in-Senate)


115th CONGRESS
1st Session
S. 488

AN ACT

To increase the threshold for disclosures required by the Securities and Exchange Commission relating to compensatory benefit plans, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Encouraging Employee Ownership Act”.

SEC. 2. Increased threshold for disclosures relating to compensatory benefit plans.

Not later than 60 days after the date of the enactment of this Act, the Securities and Exchange Commission shall revise section 230.701(e) of title 17, Code of Federal Regulations, so as to increase from $5,000,000 to $10,000,000 the aggregate sales price or amount of securities sold during any consecutive 12-month period in excess of which the issuer is required under such section to deliver an additional disclosure to investors. The Commission shall index for inflation such aggregate sales price or amount every 5 years to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics, rounding to the nearest $1,000,000.

Passed the Senate September 11, 2017.

Attest:





Secretary  

115th CONGRESS
     1st Session
S. 488
AN ACT
To increase the threshold for disclosures required by the Securities and Exchange Commission relating to compensatory benefit plans, and for other purposes.