SAVES Act

House Bill

H.R. 2605

119th Congress

SAVES Act

Placed on the Union Calendar, Calendar No. 264.

Introduced:Sep 26, 2025

Primary Sponsor

Haley M. Stevens

Representative

Democratic

MI-11

Cosponsors

0

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill would change who is counted as a security holder for certain companies. It would exclude certain large investors, like hedge funds and private equity firms, from being counted towards the threshold that would require the company to publicly register its securities.

Latest Action

Referred to the House Committee on Financial Services.

AI Summary

Plain-English explanation of this bill

This bill would change who is counted as a security holder for certain companies. It would exclude certain large investors, like hedge funds and private equity firms, from being counted towards the threshold that would require the company to publicly register its securities.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

<p>This bill excludes certain institutional investors and buyers as holders of a security. Specifically, these investors are not considered security holders under mandatory securities registration thresholds applicable to an issuer of securities.</p>

Key Points

Main provisions of the bill

Excludes certain large institutional investors, like hedge funds and private equity firms, from being counted as security holders for public registration requirements
This could allow companies to have more security holders without triggering public registration rules
Aims to make it easier for companies to raise money from private investors without becoming a public company

How This Impacts Americans

Potential effects on citizens and communities

If enacted, this bill would primarily impact companies looking to raise money and large institutional investors like hedge funds. It could make it easier for companies to remain private and avoid public company reporting requirements by excluding certain large investors from the count. This could increase the pool of available private capital for companies, but reduce transparency for regular investors who won't have access to public company disclosures.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2605, 119th Congress (2025). "SAVES Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-2605