Small Business Capital Formation Enhancement Act

3.0.0 3784 2023-04-24T20:39:44Z 2023-04-24T20:39:44Z House HR 2015-10-21 114 [Congressional Record Volume 161, Number 154 (Wednesday, October 21, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CARNEY:H.R. 3784.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1 of the United StatesConstitution, the Taxing and Spending Clause: ``The Congressshall have Power To lay and collect Taxes, Duties, Impostsand Excises, to pay the Debts and provide for the commonDefence and general Welfare of the United States . . .''[Page H7089]]]> ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Discharged from 2016-12-10T07:58:50Z Referred to 2016-02-02T19:22:54Z hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Hearings by 2015-12-02T21:19:58Z Reported by 2016-02-01T19:35:31Z Markup by 2015-12-09T22:01:49Z Referred to 2015-10-21T14:02:25Z H. Rept. 114-408 Small Business Capital Formation Enhancement Act 114 4168 HR 2016-02-03 Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 361. Related bill CRS SEC Small Business Advocate Act of 2016 114 2867 S 2016-06-14 Committee on Banking, Housing, and Urban Affairs. Hearings held. Related bill CRS Financial Services and General Government Appropriations Act, 2017 114 5485 HR 2016-07-12 Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 557. Related bill CRS Creating Financial Prosperity for Businesses and Investors Act 114 6427 HR 2016-12-06 Received in the Senate. Related bill CRS Financial CHOICE Act of 2016 114 5983 HR 2016-12-20 Placed on the Union Calendar, Calendar No. 693. Related bill CRS 2016-12-16 Became Public Law No: 114-284. President E40000 2 House floor actions 2016-12-16 Became Public Law No: 114-284. BecameLaw 36000 9 Library of Congress 2016-12-16 Signed by President. President E30000 2 House floor actions 2016-12-16 Signed by President. BecameLaw 36000 9 Library of Congress 2016-12-15 Presented to President. Floor E20000 2 House floor actions 2016-12-15 Presented to President. President 28000 9 Library of Congress 2016-12-12 Senate Message on Senate action sent to the House. Floor 2016-12-10 Senate Passed Senate without amendment by Unanimous Consent. Floor 2016-12-10 Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent. Floor 17000 9 Library of Congress 2016-12-10 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S7108) Discharge 2016-12-10 Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.(consideration: CR S7108) Committee 14500 9 Library of Congress ssbk00 Banking, Housing, and Urban Affairs Committee 2016-02-02 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2016-02-01 15:40:49 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2016-02-01 15:40:47 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H379-381) Floor H37300 2 House floor actions 2016-02-01 15:40:47 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H379-381) Floor 8000 9 Library of Congress 2016-02-01 15:29:15 DEBATE - The House proceeded with forty minutes of debate on H.R. 3784. Floor H8D000 2 House floor actions 2016-02-01 15:29:14 Considered under suspension of the rules. (consideration: CR H379-382) Floor H30000 2 House floor actions 2016-02-01 15:29:04 Mr. Garrett moved to suspend the rules and pass the bill, as amended. Floor H30300 2 House floor actions 2016-02-01 Placed on the Union Calendar, Calendar No. 311. Calendars H12410 2 House floor actions U00311 2016-02-01 Reported (Amended) by the Committee on Financial Services. H. Rept. 114-408. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2016-02-01 Reported (Amended) by the Committee on Financial Services. H. Rept. 114-408. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2015-12-09 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by the Yeas and Nays: 56 - 0. Committee 2015-12-09 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2015-12-08 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2015-12-02 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. Committee 2015-10-21 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2015-10-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-10-21 Introduced in House IntroReferral 1000 9 Library of Congress C001083 Rep. Carney, John C., Jr. [D-DE-At Large] John Carney D DE C. N D000614 Rep. Duffy, Sean P. [R-WI-7] Sean Duffy R WI P. 7 2015-10-21 True Q000023 Rep. Quigley, Mike [D-IL-5] Mike Quigley D IL 5 2015-10-21 True C001045 Rep. Crenshaw, Ander [R-FL-4] ANDER CRENSHAW R FL 4 2015-10-21 True S000344 Rep. Sherman, Brad [D-CA-30] BRAD SHERMAN D CA 30 2015-11-05 False F000458 Rep. Fincher, Stephen Lee [R-TN-8] Stephen Fincher R TN Lee 8 2015-12-01 False M000087 Rep. Maloney, Carolyn B. [D-NY-12] CAROLYN MALONEY D NY B. 12 2015-12-02 False R000602 Rep. Rice, Kathleen M. [D-NY-4] Kathleen Rice D NY M. 4 2015-12-02 False K000380 Rep. Kildee, Daniel T. [D-MI-5] Daniel Kildee D MI T. 5 2015-12-10 False V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 2015-12-10 False 2016-01-15T22:25:00Z H.R. 3784, SEC Small Business Advocate Act of 2015 https://www.cbo.gov/publication/51144 As ordered reported by the House Committee on Financial Services on December 9, 2015 Public Law 114-284 Finance and Financial Sector Administrative law and regulatory procedures Advisory bodies Business investment and capital Corporate finance and management Economic performance and conditions Executive agency funding and structure Financial services and investments Minority and disadvantaged businesses Securities Securities and Exchange Commission (SEC) Small business Women in business Finance and Financial Sector

00 2015-10-21 Introduced in House 2016-05-09T19:33:02Z SEC Small Business Advocate Act of 2015

This bill amends the Securities Exchange Act of 1934 to establish within the Securities and Exchange Commission (SEC) an Office of the Advocate for Small Business Capital Formation.

The Advocate for Small Business Capital Formation shall:

assist small businesses and small business investors in resolving significant problems they may have with the SEC or with self-regulatory organizations;
identify areas in which such businesses and investors would benefit from changes in SEC regulations or the rules of such organizations;
identify problems that small businesses have with securing access to capital;
analyze the potential impact on such businesses and investors of proposed SEC regulations and proposed rules that are likely to have a significant economic impact on small businesses and small business capital formation;
conduct outreach to such businesses and investors to solicit views on relevant capital formation issues;
propose to the SEC changes in its regulations or orders, and propose to Congress legislative, administrative, or personnel changes, to mitigate problems identified and to promote the interests of such businesses and investors;
consult with the Investor Advocate on such proposals and advise the Investor Advocate on small business-related issues;
submit annual reports on its activities to specified congressional committees; and
be responsible for planning, organizing, and executing the annual Government-Business Forum on Small Business Capital Formation.

The bill also establishes the Small Business Capital Formation Advisory Committee, which shall provide the SEC with advice on SEC rules, regulations, and policies regarding its mission of protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formation, as they relate to:

capital raising by emerging, privately held small businesses and publicly traded companies with less than $250 million in public market capitalization through securities offerings;
trading in the securities of such businesses and companies; and
public reporting and corporate governance requirements of such businesses and companies.

The SEC shall assess the Committee's recommendations and disclose any action it intends to take with respect to such recommendations.

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36 2016-02-01 Passed House amended 2016-05-09T19:34:15Z SEC Small Business Advocate Act of 2016

(Sec. 2) This bill amends the Securities Exchange Act of 1934 to establish within the Securities and Exchange Commission (SEC) an Office of the Advocate for Small Business Capital Formation.

The Advocate for Small Business Capital Formation shall:

assist small businesses and small business investors in resolving significant problems they may have with the SEC or with self-regulatory organizations;
identify areas in which such businesses and investors would benefit from changes in SEC regulations or the rules of such organizations;
identify problems that small businesses have with securing access to capital, including any unique challenges to minority-owned and women-owned small businesses;
analyze the potential impact on such businesses and investors of proposed SEC regulations and proposed rules that are likely to have a significant economic impact on small businesses and small business capital formation;
conduct outreach to such businesses and investors to solicit views on relevant capital formation issues;
propose to the SEC changes in its regulations or orders, and propose to Congress legislative, administrative, or personnel changes, to mitigate problems identified and to promote the interests of such businesses and investors;
consult with the Investor Advocate on such proposals and advise the Investor Advocate on small business-related issues;
submit annual reports on its activities to specified congressional committees; and
be responsible for planning, organizing, and executing the annual Government-Business Forum on Small Business Capital Formation.

capital raising by emerging, privately held small businesses and publicly traded companies with less than $250 million in public market capitalization through securities offerings;
trading in the securities of such businesses and companies; and
public reporting and corporate governance requirements of such businesses and companies.

The SEC shall assess the Committee's recommendations and disclose any action it intends to take with respect to such recommendations.

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82 2016-12-10 Passed Senate without amendment 2016-12-15T14:28:39Z (This measure has not been amended since it was passed by the House on February 1, 2016. The summary of that version is repeated here.)

SEC Small Business Advocate Act of 2016

(Sec. 2) This bill amends the Securities Exchange Act of 1934 to establish within the Securities and Exchange Commission (SEC) an Office of the Advocate for Small Business Capital Formation.

The Advocate for Small Business Capital Formation shall:

assist small businesses and small business investors in resolving significant problems they may have with the SEC or with self-regulatory organizations;
identify areas in which such businesses and investors would benefit from changes in SEC regulations or the rules of such organizations;
identify problems that small businesses have with securing access to capital, including any unique challenges to minority-owned and women-owned small businesses;
analyze the potential impact on such businesses and investors of proposed SEC regulations and proposed rules that are likely to have a significant economic impact on small businesses and small business capital formation;
conduct outreach to such businesses and investors to solicit views on relevant capital formation issues;
propose to the SEC changes in its regulations or orders, and propose to Congress legislative, administrative, or personnel changes, to mitigate problems identified and to promote the interests of such businesses and investors;
consult with the Investor Advocate on such proposals and advise the Investor Advocate on small business-related issues;
submit annual reports on its activities to specified congressional committees; and
be responsible for planning, organizing, and executing the annual Government-Business Forum on Small Business Capital Formation.

capital raising by emerging, privately held small businesses and publicly traded companies with less than $250 million in public market capitalization through securities offerings;
trading in the securities of such businesses and companies; and
public reporting and corporate governance requirements of such businesses and companies.

The SEC shall assess the committee's recommendations and disclose any action it intends to take with respect to such recommendations.

]]>

49 2016-12-16 Public Law 2016-12-27T15:42:29Z (This measure has not been amended since it was passed by the House on February 1, 2016. The summary of that version is repeated here.)

SEC Small Business Advocate Act of 2016

(Sec. 2) This bill amends the Securities Exchange Act of 1934 to establish within the Securities and Exchange Commission (SEC) an Office of the Advocate for Small Business Capital Formation.

The Advocate for Small Business Capital Formation shall:

assist small businesses and small business investors in resolving significant problems they may have with the SEC or with self-regulatory organizations;
identify areas in which such businesses and investors would benefit from changes in SEC regulations or the rules of such organizations;
identify problems that small businesses have with securing access to capital, including any unique challenges to minority-owned and women-owned small businesses;
analyze the potential impact on such businesses and investors of proposed SEC regulations and proposed rules that are likely to have a significant economic impact on small businesses and small business capital formation;
conduct outreach to such businesses and investors to solicit views on relevant capital formation issues;
propose to the SEC changes in its regulations or orders, and propose to Congress legislative, administrative, or personnel changes, to mitigate problems identified and to promote the interests of such businesses and investors;
consult with the Investor Advocate on such proposals and advise the Investor Advocate on small business-related issues;
submit annual reports on its activities to specified congressional committees; and
be responsible for planning, organizing, and executing the annual Government-Business Forum on Small Business Capital Formation.

capital raising by emerging, privately held small businesses and publicly traded companies with less than $250 million in public market capitalization through securities offerings;
trading in the securities of such businesses and companies; and
public reporting and corporate governance requirements of such businesses and companies.

The SEC shall assess the committee's recommendations and disclose any action it intends to take with respect to such recommendations.

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SEC Small Business Advocate Act of 2016 Display Title SEC Small Business Advocate Act of 2016 Official Title as Introduced To amend the Securities Exchange Act of 1934 to establish an Office of the Advocate for Small Business Capital Formation and a Small Business Capital Formation Advisory Committee, and for other purposes. Introduced in House IH Short Titles as Passed House SEC Small Business Advocate Act of 2016 H House Short Titles as Introduced SEC Small Business Advocate Act of 2015 Short Titles as Enacted SEC Small Business Advocate Act of 2016 Short Titles as Passed Senate SEC Small Business Advocate Act of 2016 S Senate Short Titles as Reported to House SEC Small Business Advocate Act of 2015 H House Enrolled Bill https://www.govinfo.gov/content/pkg/BILLS-114hr3784enr/xml/BILLS-114hr3784enr.xml Referred in Senate 2016-02-02T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr3784rfs/xml/BILLS-114hr3784rfs.xml Reported in House 2016-02-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr3784rh/xml/BILLS-114hr3784rh.xml Engrossed in House 2016-02-01T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr3784eh/xml/BILLS-114hr3784eh.xml Introduced in House 2015-10-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr3784ih/xml/BILLS-114hr3784ih.xml 2016-12-17T04:59:59Z https://www.govinfo.gov/content/pkg/PLAW-114publ284/uslm/PLAW-114publ284.xml Public Law 2016-12-16 Became Public Law No: 114-284. 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.