S. 1831 (112th): Access to Capital for Job Creators Act

Introduced:
Nov 09, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
John Thune
Junior Senator from South Dakota
Party
Republican
Text
Read Text »
Last Updated
Nov 09, 2011
Length
2 pages
Related Bills
H.R. 2940 (Related)
Access to Capital for Job Creators Act

Passed House
Last Action: Nov 03, 2011

 
Status

This bill was introduced on November 9, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Nov 09, 2011
Referred to Committee Nov 09, 2011
 
Full Title

A bill to direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D.

Summary

No summaries available.

Cosponsors
24 cosponsors (24R) (show)
Committees

Senate Banking, Housing, and Urban Affairs

Securities, Insurance, and Investment

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


11/9/2011--Introduced.
Access to Capital for Job Creators Act -Amends the Securities Act of 1933 to exempt from proscriptions governing interstate commerce and the mails those transactions by an issuer that do not involve a public offering, whether or not such transactions involve general solicitation or general advertising.
Directs the Securities and Exchange Commission (SEC) to revise rules governing an exemption from public offering requirements for limited offers and sales without regard to the dollar amount of the offering (Regulation D), so as to provide that a specified prohibition against general solicitation or general advertising does not apply to offers and sales of securities made pursuant to Regulation D if all purchasers of the securities are accredited investors.
Amends such revised rules to require that the issuer take reasonable steps to verify that purchasers of the securities are accredited investors, using such methods as are determined by the SEC.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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