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house Bill H. Res. 240

Providing for consideration of the bill (H.R. 1343) to direct the Securities and Exchange Commission to revise its rules so as to increase the threshold amount for requiring issuers to provide certain disclosures relating to compensatory benefit plans.

Bill Details

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Official Title

Providing for consideration of the bill (H.R. 1343) to direct the Securities and Exchange Commission to revise its rules so as to increase the threshold amount for requiring issuers to provide certain disclosures relating to compensatory benefit plans.

Summary

Sets forth the rule for consideration of the bill (H.R. 1343) to direct the Securities and Exchange Commission to revise its rules so as to increase the threshold amount for requiring issuers to provide certain disclosures relating to compensatory benefit plans.

simple resolution Progress


  • The house Passed April 4th, 2017
    Roll Call Vote 238 Yea / 177 Nay
      house Committees
      Committee on Rules
    IntroducedApril 3rd, 2017

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    This bill seeks to reduce the oversight our government agencies have to ensure companies are acting responsibly in the way they handle financial products. The most recent market meltdown due to overly creative exploitation of weird financial securities transactions shows that we need all the oversight we can get in financial markets.
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    "Increase the threshold amount" means exempting more securities from disclosure. That reduces transparency. That is a bad thing in this country right now.
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