Code · BILL · 118th Congress · S. 5139 (Introduced in Senate) — To amend the Securities Act of 1933 to address emerging growth companies, and for other purposes. · Sec. 104

Sec. 104. Public float

84 words·~1 min read·/bill/118/s/5139/is/section-104

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Not later than 180 days after the date of enactment of this Act, the Commission shall amend section 229.10(f)(1)(i) of title 17, Code of Federal Regulations, or any successor regulation, to provide that the threshold in that provision shall be a 12-month rolling average of $700,000,000 (which the Commission shall index for inflation once every 5 years to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics, setting the threshold to the nearest $100,000).