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H.R. 2864 (115th): Improving Access to Capital Act

The text of the bill below is as of Sep 5, 2017 (Reported by House Committee).


IB

Union Calendar No. 210

115th CONGRESS

1st Session

H. R. 2864

[Report No. 115–292]

IN THE HOUSE OF REPRESENTATIVES

June 8, 2017

(for herself and Mr. Hollingsworth) introduced the following bill; which was referred to the Committee on Financial Services

September 5, 2017

Additional sponsors: Mr. Williams, Mr. Hill, Mr. Messer, and Mr. Sherman

September 5, 2017

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed

Strike out all after the enacting clause and insert the part printed in italic

For text of introduced bill, see copy of bill as introduced on June 8, 2017


A BILL

To direct the Securities and Exchange Commission to allow certain issuers to be exempt from registration requirements, and for other purposes.


1.

Application of exemption

The Securities and Exchange Commission shall amend—

(1)

section 230.251 of title 17, Code of Federal Regulations, to remove the requirement that the issuer not be subject to section 13 or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) immediately before the offering; and

(2)

section 230.257 of title 17, Code of Federal Regulations, with respect to an offering described in section 230.251(a)(2) of title 17, Code of Federal Regulations, to deem any issuer that is subject to section 13 or 15(d) of the Securities Exchange Act of 1934 as having met the periodic and current reporting requirements of section 230.257 of title 17, Code of Federal Regulations, if such issuer meets the reporting requirements of section 13 of the Securities Exchange Act of 1934.

September 5, 2017

Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed