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Easier Reporting for Company Acquisitions and Dispositions

This bill aims to simplify how companies calculate their market value when reporting large transactions. Companies will be able to include all their shares, potentially reducing bureaucracy and making it easier for them to operate in the market. For citizens, this could mean more transparent and efficient operations of public companies.
Key points
Companies can now include the value of all their shares (including preferred and non-traded common shares) when assessing the significance of transactions.
The change seeks to prevent misleading results in financial statements related to acquisitions and dispositions.
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Status:
Expired
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Additional Information
Print number: 118_HR_2497
Sponsor: Rep. Hill, J. French [R-AR-2]
Process start date: 2023-04-06
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

To permit an issuer, when determining the market capitalization of the issuer for purposes of testing the significance of an acquisition or disposition, to include the value of all shares of the issuer.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2497.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-04-06.

What are the main provisions?

Key points include:

  • Companies can now include the value of all their shares (including preferred and non-traded common shares) when assessing the significance of transactions.
  • The change seeks to prevent misleading results in financial statements related to acquisitions and dispositions.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Hill, J. French [R-AR-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Economy