Small Business Relief Act
This bill is stalled.
No action in 3 months. It may still move, but has lost momentum.
This bill allows issuers of securities to have institutional investors and buyers in a class of securities without needing to comply with certain Securities and Exchange Commission (SEC) registration requirements. Currently, issuers of securities must register with and periodically report to the SEC when, among other requirements, the number of investors in a class of securities exceeds a specific cap. Under the bill, qualified institutional buyers and institutional accredited investors do not count towards this cap.
Awaiting a vote in the House
A committee in the House has reviewed this house bill and reported it to the full chamber for consideration.
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