3.0.0 1544 2023-01-11T13:22:18Z 2023-01-11T13:22:18Z Senate S S 2011-09-12 112 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Hearings by 2012-03-06T15:04:37Z Referred to 2011-09-12T21:11:26Z Small Company Capital Formation Act of 2011 112 1070 HR 2011-11-07 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 222. Related bill CRS 2012-03-06 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-482. Committee 2011-12-01 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-444. Committee 2011-09-12 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2011-09-12 Introduced in Senate IntroReferral 10000 9 Library of Congress T000464 Sen. Tester, Jon [D-MT] Jon Tester D MT N T000461 Sen. Toomey, Patrick [R-PA] Patrick Toomey R PA J. 2011-09-12 True C000880 Sen. Crapo, Mike [R-ID] Mike Crapo R ID 2011-12-01 False B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2011-12-01 False M001170 Sen. McCaskill, Claire [D-MO] Claire McCaskill D MO 2011-12-06 False M000639 Sen. Menendez, Robert [D-NJ] Robert Menendez D NJ 2011-12-14 False L000577 Sen. Lee, Mike [R-UT] Mike Lee R UT 2012-03-01 False H001049 Sen. Hagan, Kay R. [D-NC] Kay Hagan D NC R. 2012-03-07 False Finance and Financial Sector Administrative law and regulatory procedures Business investment and capital Business records Congressional oversight Securities Securities and Exchange Commission (SEC) Small business State and local government operations Finance and Financial Sector 00 2011-09-12 Introduced in Senate 2011-12-21T21:07:48Z Small Company Capital Formation Act of 2011 - Amends the Securities Act of 1933 to direct the Securities and Exchange Commission (SEC) to exempt from its regulation a class of securities for which the aggregate offering amount of all securities offered and sold within the prior 12-month period in reliance on such exemption is between $5 million and $50 million, subject to specified terms and conditions.

Limits such an exemption to equity securities, debt securities, and debt securities convertible or exchangeable to equity interests, including any guarantees of such securities.

Authorizes the SEC to: (1) require an issuer of such exempted class of securities to make periodic disclosures available to investors regarding the issuer, its business operations, its financial condition, and its use of investor funds; and (2) provide for the suspension and termination of such a requirement with respect to that issuer.

Requires the SEC to: (1) review and increase biennially such offering amount limitation, as appropriate; and (2) report to certain congressional committees on its reasons for not increasing the amount if it determines not to do so.

Treats as a covered security with respect to a transaction exempt from registration requirements pursuant to a rule or regulation adopted under this Act any such security offered or sold: (1) on a national securities exchange, or (2) to a qualified purchaser.

Directs the Comptroller General to study the impact of state laws regulating securities offerings (Blue Sky laws) on offerings made under Regulation A (which specifies the terms and conditions of exemption from the registration requirements of the Securities Act of 1933).

]]> Small Company Capital Formation Act of 2011 Display Title Small Company Capital Formation Act of 2011 Official Title as Introduced A bill to amend the Securities Act of 1933 to require the Securities and Exchange Commission to exempt a certain class of securities from such Act. Introduced in Senate IS Short Titles as Introduced Small Company Capital Formation Act of 2011 Introduced in Senate 2011-09-12T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112s1544is/xml/BILLS-112s1544is.xml 2012-03-06 Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-482. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.