Summary of Amendments Submitted to the Rules Committee for H.R. 37 - Promoting Job Creation and Reducing Small Business Burdens Act

Summaries Derived from Information Provided by Sponsors

Listed in Alphabetical Order

Jan 12, 2015 6:21 PM

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Capuano (MA)

#1

Requires issuers making an annual filing with the SEC to disclose all political campaign contributions since the last filing.

Ellison (MN), Issa (CA), Polis (CO)

#8

Strikes Title VII.

Ellison (MN)

#9

Requires the Securities and Exchange Commission to issue final rules within 60 days of passage that implement section 953(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act requiring disclosure of the ratio of CEO pay to the median worker in a publicly-traded firm.

Ellison (MN), Grijalva (AZ)

#12

SUBSTITUTE Ends sequestration by repealing all discretionary spending caps established in the Budget Control Act.

Grijalva (AZ)

#13

Restores Dodd-Frank Section 716 provisions to prevent taxpayer-insured banks from making risky trades in derivatives markets.

Kildee (MI), Capuano (MA)

#2

Conditions the implementation of Title VIII (extending the conformance period for the divestment of collateralized loan obligations) on a finding by regulators that such an extension is necessary or appropriate.

Kuster, Ann (NH)

#10

Strikes Title VIII of the bill.

Lynch (MA)

#3

Strikes Title XI in order to keep section 230.701(e) of the Code of Federal Regulations at its current level of $5,000,000.

Lynch (MA)

#4

Requires an issuer availing itself of the exemption under section 230.701(e) of the Code of Federal Regulations to provide employees an estimate of the cash value of the compensation that was the subject of the exempted transaction and a justification for that estimated value on the date of the transaction and at least annually thereafter.

Lynch (MA)

#5

Provides that an end user cannot claim an exception under subparagraph (A) if it is affiliated with a nonbank financial company that is required to register with the Board of Governors of the Federal Reserve System pursuant to section 114 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Lynch (MA)

#6

Requires banking entities or nonbank financial companies to comply with the requirements of subsection (a)(1)(B) or any applicable rules relating to subsection (a)(1)(B) no later than July 21, 2017.

Lynch (MA)

#7

Requires an issuer availing itself of the exemption under section 230.701(e) of the Code of Federal Regulations to provide employees an estimate of the cash value of the compensation that was the subject of the exempted transaction and a justification for that estimated value on the date of the transaction and at least annually thereafter. Furthermore, the Amendment permits the applicable employee to sell the securities back to the issuer at the estimated value after 90 days.

Sherman (CA)

#11

Strikes section 8 of the legislation

Waters (CA)

#14

Provides the SEC with the authority to collect user fees to enable the examination of investment advisors, which would only fund those exams completed beyond the threshold completed in fiscal year 2012.