Menu Search Account

LegiStorm

Get LegiStorm App Visit Product Demo Website
» Get LegiStorm App
» Get LegiStorm Pro Free Demo

H.R. 2799, Expanding Access to Capital Act of 2023 (CBO Report for Congress)

Premium   Download PDF Now (2 pages)
Congress 118th
Date Requested April 26, 2023
Requested By House Committee on Financial Services
Date Sent July 17, 2023
Description:
H.R. 2799 would require the Securities and Exchange Commission (SEC) to issue rules that decrease reporting and registration requirements for companies, brokers, and advisors and increase investment opportunities for individuals. For example, the bill would change the definition of emerging growth company to include businesses with annual gross revenues below $1.5 billion in the prior year. Under current law, the SEC allows those companies to issue less extensive disclosures than it requires from larger companies. The bill also would exempt companies that sell less than $250,000 in securities in a year from registering those transactions with the SEC and allow more people to purchase securities that are exempt from registration requirements.

« Return to search CBO reports