House Bill Would Extend JOBS Act Benefits To Thrifts

Law360, New York (February 19, 2013, 3:48 PM EST) -- A bipartisan bill introduced Friday in the U.S. House of Representatives would give small savings and loan associations the ability to avoid costly registration of their securities, correcting an unintentional oversight from legislation benefiting community banks.

Under the Holding Company Registration Threshold Equalization Act of 2013, small thrift institutions would be exempt from registering with the U.S. Securities and Exchange Commission if they had fewer than 2,000 shareholders, and would be allowed to deregister their securities with the SEC if they had 1,200 or fewer shareholders....
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