HR-1675 : Still Just a Bill


Encouraging Employee Ownership Act of 2015

Directs the Securities and Exchange Commission to revise regulations to require an issuer to furnish investors with additional specified disclosures regarding compensatory benefit plans if the aggregate sales price or amount of securities sold during any consecutive 12-month period exceeds $10 million (currently $5 million), indexed for inflation every five years.

Action Timeline

Action DateTypeTextSource
2016-02-04IntroReferralReceived in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Senate
2016-02-03FloorMotion to reconsider laid on the table Agreed to without objection.House floor actions
2016-02-03VoteOn passage Passed by the Yeas and Nays: 265 - 159 (Roll no. 61).House floor actions
2016-02-03VoteOn motion to recommit with instructions Failed by recorded vote: 184 - 241 (Roll no. 60). (consideration: CR H538)House floor actions
2016-02-03FloorThe previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H538)House floor actions
2016-02-03FloorDEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to insert a new section into that defines and prohibits bad actors from making use of any exemption or regulation made by the bill. The amendment also prohibits the SEC from amending or repealing any regulation if it would weaken the protections for American seniors provided by the legislation.House floor actions
2016-02-03FloorMs. Frankel (FL) moved to recommit with instructions to the Committee on Financial Services. (consideration: CR H537; text: CR H537)House floor actions
2016-02-03FloorThe House adopted the amendment as agreed to by the Committee of the Whole House on the state of the Union. (text of amendment in the nature of a substitute: CR H526-528)House floor actions
2016-02-03FloorThe previous question was ordered pursuant to the rule. (consideration: CR H537)House floor actions
2016-02-03FloorThe House rose from the Committee of the Whole House on the state of the Union to report H.R. 1675.House floor actions
2016-02-03FloorUNFINISHED BUSINESS - The Chair announced that the unfinished business was on adoption of amendments, which had been debated earlier and on which further proceedings had been postponed.House floor actions
2016-02-03FloorPOSTPONED PROCEEDINGS - At the conclusion of debate on the Carolyn Maloney amendment No. 7, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Ellison demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.House floor actions
2016-02-03FloorDEBATE - Pursuant to the provisions of H. Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the Carolyn Maloney (NY) amendment No. 7.House floor actions
2016-02-03FloorPOSTPONED PROCEEDINGS - At the conclusion of debate on the Issa amendment No. 6, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Issa demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.House floor actions
2016-02-03FloorDEBATE - Pursuant to the provisions of H.Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the Issa amendment No. 6.House floor actions
2016-02-03FloorDEBATE - Pursuant to the provisions of H.Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the Sherman amendment No. 3.House floor actions
2016-02-03FloorDEBATE - Pursuant to the provisions of H.Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the Huizenga amendment No. 2.House floor actions
2016-02-03FloorPOSTPONED PROCEEDINGS - At the conclusion of debate on the DeSaulnier amendment No. 1, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. DeSaulnier demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced.House floor actions
2016-02-03FloorDEBATE - Pursuant to the provisions of H.Res. 595, the Committee of the Whole proceeded with 10 minutes of debate on the DeSaulnier amendment No. 1.House floor actions
2016-02-03FloorGENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1675.House floor actions
2016-02-03FloorThe Speaker designated the Honorable Glenn Thompson to act as Chairman of the Committee.House floor actions
2016-02-03FloorHouse resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 595 and Rule XVIII.House floor actions
2016-02-03FloorResolution provides for consideration of H.R. 1675 and H.R. 766.House floor actions
2016-02-03FloorConsidered under the provisions of rule H. Res. 595. (consideration: CR H519-532, H532-539)House floor actions
2016-02-02FloorRules Committee Resolution H. Res. 595 Reported to House. Resolution provides for consideration of H.R. 1675 and H.R. 766.House floor actions
2016-01-28CalendarsPlaced on the Union Calendar, Calendar No. 301.House floor actions
2016-01-28CommitteeReported by the Committee on Financial Services. H. Rept. 114-398.House floor actions
2015-05-20CommitteeOrdered to be Reported by the Yeas and Nays: 45 - 15.House committee actions
2015-05-20CommitteeCommittee Consideration and Mark-up Session Held.House committee actions
2015-04-29CommitteeHearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.House committee actions
2015-03-26IntroReferralReferred to the House Committee on Financial Services.House floor actions
2015-03-26IntroReferralIntroduced in HouseLibrary of Congress

Policy Area :

Finance and Financial Sector
Related Subjects
  • Administrative law and regulatory procedures
  • Employee benefits and pensions
  • Financial services and investments
  • Securities
Related Geographic Entities
Related Organizations
  • Securities and Exchange Commission (SEC)