H.R. 1965: To amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes.

112th Congress · introduced 2011-05-24 · Finance and Financial Sector · Latest: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 223.

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Follow this bill, step by step

Where it came from: introduced 2011-05-24 · official record
Who proposed it: Rep. Himes, James A. [D-CT-4] · what a sponsor is
What happened next: 1 recorded vote in our records. Latest: House roll call 819 (2011): On Motion to Suspend the Rules and Pass, as Amended, HR1965 (2011-11-02), Passed. See all
Where it stands now: Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 223. Not final yet: this can still change. We check for updates every day.
If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

To amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes.

Plain summary

Amends the Securities Exchange Act of 1934 to increase from $1 million to $10 million the shareholder registration threshold for an issuer of securities. Requires an issuer that is either a bank or a bank holding company to register a security with the Securities and Exchange Commission (SEC) if its assets exceed $10 million and include a certain class of equity security held of record by 2,000 or more persons. Requires termination of a security registration in the case of a bank or a bank holding company if the number of holders of record of the class of security is reduced to less than 1,200. Repeals periodic reporting requirements also for such a bank or bank holding company. Directs the Chief Economist and the Director of the Division of Corporation Finance of the SEC to conduct a joint cost-benefit analysis of shareholder registration thresholds. Directs the SEC to issue final regulations to implement this Act not later than 1 year after its date of enactment.

Congressional Research Service summary (Passed House amended), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

To amend the securities laws to establish certain thresholds for shareholder registration, and for other purposes.

Source: Congressional Research Service summary (Passed House amended)

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Himes, James A. [D-CT-4] · 18 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Steve Womack (R-AR), Andy Harris (R-MD), Adam Smith (D-WA), David Schweikert (R-AZ)

Sponsor's campaign money: Rep. Himes, James A. [D-CT-4] reported raising $1.7 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Recorded votes

House roll call 819 (2011): On Motion to Suspend the Rules and Pass, as Amended, HR1965 (2011-11-02): Passed

Words on this page, explained (2)

Rulemaking: The process agencies use to write regulations that carry out laws passed by Congress or a legislature. Usually an agency publishes a proposed rule, takes public comments, then publishes a final rule.
Securities: Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Passed House amended)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-112hr1965.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/112/hr>

Record fed-us-cong112-hr1965 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112