S. 4857117th CongressSenate Bill

Private Markets Transparency and Accountability Act

Introduced in the SenateDead

This bill died when its Congress ended.

Bills don't carry over between Congresses. Without re-introduction in a new session, it cannot advance.

This bill requires certain private companies to register with the Securities and Exchange Commission (SEC) and thereby publicly disclose business practices and financial information. Under current law, companies with assets exceeding $10 million and with a class of securities held by either 2,000 persons, or 500 persons who are not accredited investors, must register with the SEC. In addition, the bill requires companies to register if (1) their valuation exceeds $700 million, or (2) their annual revenue exceeds $5 billion and they have at least 5,000 employees.

Introduced Sep 15, 2022
1
Introduced

Filed in the Senate

2
Passed Senate
3
Passed House
4
Became Law

This senate bill has been filed and is working its way through Congress. It will need to pass both the Senate and the House, then be signed by the President to become law.

Who introduced this

JR

Jack Reed

Democrat

U.S. Senator · RI

2 cosponsors — all Democrat

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