House vote: S. 488 // July 17, 2018Needed two-thirds to pass
Encouraging Employee Ownership Act
Sponsor: Patrick Toomey (R-PA)
(This measure has not been amended since it was introduced. The expanded summary of the Senate reported version is repeated here.) Encouraging Employee Ownership Act (Sec. 2) This bill requires the Securities and Exchange Commission to increase, from $5 million to $10 million, the 12-month sales threshold beyond which an issuer is required to provide investors with additional disclosures related to compensatory benefit plans.
Finance and Financial Sector Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 5.7% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 406 | 93.4% |
| Nay | Lost | 4 | 0.9% |
| Not represented on this question | No position taken | 0 | 5.7% |