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To permit an issuer, when determining the market capitalization of the issuer for purposes of testing the significance of an acquisition or disposition, to include the value of all shares of the issuer.

USA117th CongressHR-9551| House 
| Updated: 12/14/2022
J. French Hill

J. French Hill

Republican Representative

Arkansas

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill expands the information allowed when calculating whether an acquisition or disposition of a subsidiary is significant for purposes of required financial disclosures by publicly traded companies. Currently, an acquisition or disposition is considered significant when the company's investment in the subsidiary is calculated to exceed 10% of the aggregate worldwide market value of the company's voting and non-voting common equity. Under the bill, this market value may additionally include applicable trading value, conversion value, or exchange value of all of the company's outstanding classes of stock, including preferred stock and non-traded common shares that are convertible into or exchangeable for traded common shares.
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Timeline
Dec 14, 2022
Introduced in House
Dec 14, 2022
Referred to the House Committee on Financial Services.
  • December 14, 2022
    Introduced in House


  • December 14, 2022
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

To permit an issuer, when determining the market capitalization of the issuer for purposes of testing the significance of an acquisition or disposition, to include the value of all shares of the issuer.

USA117th CongressHR-9551| House 
| Updated: 12/14/2022
This bill expands the information allowed when calculating whether an acquisition or disposition of a subsidiary is significant for purposes of required financial disclosures by publicly traded companies. Currently, an acquisition or disposition is considered significant when the company's investment in the subsidiary is calculated to exceed 10% of the aggregate worldwide market value of the company's voting and non-voting common equity. Under the bill, this market value may additionally include applicable trading value, conversion value, or exchange value of all of the company's outstanding classes of stock, including preferred stock and non-traded common shares that are convertible into or exchangeable for traded common shares.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Dec 14, 2022
Introduced in House
Dec 14, 2022
Referred to the House Committee on Financial Services.
  • December 14, 2022
    Introduced in House


  • December 14, 2022
    Referred to the House Committee on Financial Services.
J. French Hill

J. French Hill

Republican Representative

Arkansas

Financial Services Committee

Finance and Financial Sector

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted