[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2864 Referred in Senate (RFS)]

<DOC>
115th CONGRESS
  1st Session
                                H. R. 2864


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                   IN THE SENATE OF THE UNITED STATES

                           September 6, 2017

Received; read twice and referred to the Committee on Banking, Housing, 
                           and Urban Affairs

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                                 AN ACT


 
   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. 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.

            Passed the House of Representatives September 5, 2017.

            Attest:

                                                 KAREN L. HAAS,

                                                                 Clerk.