[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2864 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 2864

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


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                    IN THE HOUSE OF REPRESENTATIVES

                              June 8, 2017

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

_______________________________________________________________________

                                 A BILL


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

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Improving Access to Capital Act''.

SEC. 2. APPLICATION OF EXEMPTION.

    (a) In General.--The Securities and Exchange Commission shall amend 
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.
    (b) Tier 2 Offering Reporting Requirements.--Section 13 of the 
Securities Exchange Act of 1933 (15 U.S.C. 78m) is amended by adding at 
the end the following:
    ``(s) Exemption to Reporting Requirements.--With respect to a Tier 
2 offering under section 230.251 of title 17, Code of Federal 
Regulations, an issuer that is subject to section 13 and meets the 
reporting requirements of that section is deemed to meet the periodic 
and current reporting requirements of section 230.257 of title 17, Code 
of Federal Regulations.''.
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