S. 488: JOBS and Investor Confidence Act of 2018

115th Congress · introduced 2017-03-01 · Finance and Financial Sector · Latest: Message on House action received in Senate and at desk: House amendments to Senate bill.

federal

Follow this bill, step by step

Where it came from: introduced 2017-03-01 · official record
Who proposed it: Sen. Toomey, Patrick [R-PA] · what a sponsor is
What happened next: 1 recorded vote in our records. Latest: House roll call 333 (2018): On Motion to Suspend the Rules and Pass, as Amended, S488 (2018-07-17), Passed. See all
Where it stands now: Message on House action received in Senate and at desk: House amendments to Senate bill. 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

JOBS and Investor Confidence Act of 2018

Plain summary

(This measure has not been amended since it was introduced. The expanded summary of the Senate reported version is repeated here.) Encouraging Employee Ownership Act (Sec. 2) This bill requires the Securities and Exchange Commission to increase, from $5 million to $10 million, the 12-month sales threshold beyond which an issuer is required to provide investors with additional disclosures related to compensatory benefit plans.

Congressional Research Service summary (Passed Senate without amendment), 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

JOBS and Investor Confidence Act of 2018

Source: Congressional Research Service summary (Passed Senate without amendment)

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The strongest published arguments

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

Officials and money

Sponsor: Sen. Toomey, Patrick [R-PA] · 2 cosponsors

Cost estimate: CBO cost estimate: S. 488, Encouraging Employee Ownership Act (2017-03-24)

Cosponsors on this site

Mark R. Warner (D-VA)

Recorded votes

House roll call 333 (2018): On Motion to Suspend the Rules and Pass, as Amended, S488 (2018-07-17): Passed

Words on this page, explained (2)

Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
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 Senate without amendment)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115s488.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/s>

Record fed-us-cong115-s488 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115