ABSTRACT

Congressional Budget Office Cost Estimate: H.R. 4554, Restricted Securities Relief Act of 2014   [open pdf - 96KB]

This is the Congressional Budget Office (CBO) Cost Estimate as ordered reported by the House Committee on Financial Services on May 22, 2014. From the Document: "H.R. 4554 would broaden the instances where sellers of certain securities can take advantage of a safe harbor that allows the securities to be sold without registering the offering with the Securities and Exchange Commission (SEC). Under current law, owners of restricted or control securities (securities acquired through private transactions or held by an affiliate of the issuer) are prohibited from selling those securities on public exchanges unless certain requirements are met. H.R. 4554 would, among other things, shorten the time an owner must hold such securities, from six months to three months."

Publisher:
Date:
2014-08-01
Copyright:
Public Domain
Retrieved From:
Congressional Budget Office: http://cbo.gov
Format:
pdf
Media Type:
application/pdf
URL:
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