| 1 | 1 | | I |
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| 2 | 2 | | 118THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 2497 |
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| 5 | 5 | | To permit an issuer, when determining the market capitalization of the |
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| 6 | 6 | | issuer for purposes of testing the significance of an acquisition or disposi- |
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| 7 | 7 | | tion, to include the value of all shares of the issuer. |
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| 8 | 8 | | IN THE HOUSE OF REPRESENTATIVES |
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| 9 | 9 | | APRIL6, 2023 |
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| 10 | 10 | | Mr. H |
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| 11 | 11 | | ILLintroduced the following bill; which was referred to the Committee |
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| 12 | 12 | | on Financial Services |
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| 13 | 13 | | A BILL |
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| 14 | 14 | | To permit an issuer, when determining the market capitaliza- |
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| 15 | 15 | | tion of the issuer for purposes of testing the significance |
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| 16 | 16 | | of an acquisition or disposition, to include the value |
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| 17 | 17 | | of all shares of the issuer. |
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| 18 | 18 | | Be it enacted by the Senate and House of Representa-1 |
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| 19 | 19 | | tives of the United States of America in Congress assembled, 2 |
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| 20 | 20 | | SECTION 1. AVOIDING ABERRATIONAL RESULTS IN RE-3 |
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| 21 | 21 | | QUIREMENTS FOR ACQUISITION AND DIS-4 |
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| 22 | 22 | | POSITION FINANCIAL STATEMENTS. 5 |
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| 23 | 23 | | The Securities and Exchange Commission shall revise 6 |
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| 24 | 24 | | section 210.1–02(w)(1)(i)(A) of title 17, Code of Federal 7 |
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| 25 | 25 | | Regulations, to permit a registrant, in determining the 8 |
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| 26 | 26 | | VerDate Sep 11 2014 22:47 Apr 13, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2497.IH H2497 |
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| 27 | 27 | | pbinns on DSKJLVW7X2PROD with $$_JOB 2 |
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| 28 | 28 | | •HR 2497 IH |
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| 29 | 29 | | significance of an acquisition or disposition described in 1 |
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| 30 | 30 | | such section 210.1–02(w)(1)(i)(A), to calculate the reg-2 |
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| 31 | 31 | | istrant’s aggregate worldwide market value based on the 3 |
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| 32 | 32 | | applicable trading value, conversion value, or exchange 4 |
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| 33 | 33 | | value of all of the registrant’s outstanding classes of stock 5 |
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| 34 | 34 | | (including preferred stock and non-traded common shares 6 |
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| 35 | 35 | | that are convertible into or exchangeable for traded com-7 |
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| 36 | 36 | | mon shares) and not just the voting and non-voting com-8 |
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| 37 | 37 | | mon equity of the registrant. 9 |
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| 38 | 38 | | Æ |
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| 39 | 39 | | VerDate Sep 11 2014 22:47 Apr 13, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H2497.IH H2497 |
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| 40 | 40 | | pbinns on DSKJLVW7X2PROD with $$_JOB |
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