The House also approved H.R. 1070, the Small Company Capital Formation Act, in a 421-1 vote. This will would let small companies sell up to $50 million in securities without first registering with the SEC. The current threshold of $5 million has not been adjusted for nearly 20 years.
And by voice vote, the House approved S. 894, which would allow for a cost-of-living adjustment in payments made to veterans with disability compensation and other payments made to veterans and their families. The increase would equal the increase given to Social Security recipients, which is expected to be a little more than 1 percent.
That bill passed the Senate in mid-October, and House passage sends the bill to the White House for President Obama's signature.
All four votes were suspension bills that required a two-thirds majority for passage. Votes on these bills concluded the House's legislative work for the day, and members moved to general speeches.