An amendment numbered 13 printed in House Report 112-409 to authorize the Securities and Exchange Commission to study whether or not it has the authority to enforce anti-evasion provisions associated with the shareholder threshold.
What it does: Adds SEC. 504. COMMISSION STUDY OF ENFORCEMENT AUTHORITY UNDER RULE 12G5-1 on page 37, line 22Description
Amendment authorizes the SEC to study whether or not it has the authority to enforce anti-evasion provisions associated with the shareholder threshold and to report the results to Congress.
What it changes
1 change to H.R. 3606
The Congressional Record cuts off the end of this amendment, so some changes may be missing.
Adds SEC. 504. COMMISSION STUDY OF ENFORCEMENT AUTHORITY UNDER RULE 12G5-1 on page 37, line 22
Adds a sectionPrinted pageInserted: SEC. 504. COMMISSION STUDY OF ENFORCEMENT AUTHORITY UNDER RULE 12G5-1.
Inserted: The Securities and Exchange Commission shall examine its authority to enforce Rule 12g5-1 to determine if new enforcement tools are needed to enforce the anti-evasion provision contained in subsection (b)(3) of the rule, and shall, not later than 120 days after the date of enactment of this Act transmit its recommendations to Congress.
Inserted: The table of contents in section 2 of the bill is amended by inserting after the item relating to section 503 the following new item:
Inserted: Sec. 504. Commission study of enforcement authority under Rule 12g5-1
Original wording
Page 37, after line 22, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
Page 37, after line 22, insert the following:
SEC. 504. COMMISSION STUDY OF ENFORCEMENT AUTHORITY UNDER RULE 12G5-1.
The Securities and Exchange Commission shall examine its authority to enforce Rule 12g5-1 to determine if new enforcement tools are needed to enforce the anti-evasion provision contained in subsection (b)(3) of the rule, and shall, not later than 120 days after the date of enactment of this Act transmit its recommendations to Congress.
The table of contents in section 2 of the bill is amended by inserting after the item relating to section 503 the following new item:
Sec. 504. Commission study of enforcement authority under Rule 12g5-1
Legislative Activity
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House amendment offered
March 8, 2012
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House amendment offered
March 8, 2012
Amendment agreed to Committee of the Whole
March 8, 2012 • 10:39 AM
House amendment agreed to: On agreeing to the Schweikert amendment (A013) Agreed to by voice vote.
March 8, 2012 • 10:39 AM
House amendment offered/reported by: Amendment (A013) offered by Mr. Schweikert.(consideration: CR H1279-1280; text: CR H1279)
March 8, 2012 • 10:33 AM
Amendment (A013) offered by Mr. Schweikert. (consideration: CR H1279-1280; text: CR H1279)
March 8, 2012 • 10:33 AM
On agreeing to the Schweikert amendment (A013) Agreed to by voice vote.
March 8, 2012 • 10:39 AM