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H.R. 2605

To amend the Securities Exchange Act of 1934 to exclude qualified institutional buyers and institutional accredited investors when calculating holders of a security for purposes of the mandatory registration threshold under such Act, and for other purposes.

A plain-language summary from the Congressional Research Service isn’t available yet for this bill. CRS summaries are typically posted within a few weeks of introduction.

Referred to the House Committee on Financial Services.

Rep. McHenry, Patrick T. [R-NC-10](R-NC)Sponsor
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To amend the Securities Exchange Act of 1934 to exclude qualified institutional buyers and… — Informed