S-488 : Still Just a Bill

Encouraging Employee Ownership Act

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.

Action Timeline

Action DateTypeTextSource
2018-07-18FloorMessage on House action received in Senate and at desk: House amendments to Senate bill.Senate
2018-07-17FloorThe title of the measure was amended. Agreed to without objection.House floor actions
2018-07-17FloorMotion to reconsider laid on the table Agreed to without objection.House floor actions
2018-07-17VoteOn motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 406 - 4 (Roll no. 333). (text: CR H6295-6306)House floor actions
2018-07-17FloorConsidered as unfinished business. (consideration: CR H6342-6343)House floor actions
2018-07-17FloorAt the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.House floor actions
2018-07-17FloorDEBATE - The House proceeded with forty minutes of debate on S. 488.House floor actions
2018-07-17FloorConsidered under suspension of the rules. (consideration: CR H6295-6312)House floor actions
2018-07-17FloorMr. Hensarling moved to suspend the rules and pass the bill, as amended.House floor actions
2017-09-12FloorHeld at the desk.House floor actions
2017-09-12FloorMessage on Senate action sent to the House.Senate
2017-09-12FloorReceived in the House.House floor actions
2017-09-11FloorPassed Senate without amendment by Unanimous Consent. (consideration: CR S5169; text: CR S5169)Senate
2017-03-13CalendarsPlaced on Senate Legislative Calendar under General Orders. Calendar No. 15.Senate
2017-03-13CommitteeCommittee on Banking, Housing, and Urban Affairs. Reported by Senator Crapo without amendment. Without written report.Senate
2017-03-09CommitteeCommittee on Banking, Housing, and Urban Affairs. Ordered to be reported without amendment favorably.Senate
2017-03-01IntroReferralRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.Senate
2017-03-01IntroReferralIntroduced in SenateLibrary of Congress

Policy Area :

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