,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #defh  ,,in ,,the ,,house ,,of  
,,representatives  ,may #f1 #bjad ,mrs4 
,wagner introduced the following bill2  
which was referred to the ,committee on 
,financial ,services  ,a ,,bill  ,to    
enhance the ability of smaller reporting
 companies to access the public         
securities markets by allowing forward  
incorporation by reference on ,form     
,s-#a1 to add listing and registration  
of a class of common equity securities  
on a national securities exchange as an 
additional basis for satisfying the     
requirements of ,general ,instruction   
,i4,b4#a4 of ,form ,s-#c1 and to remove 
such listing and registration as a      
requirement of ,general ,instruction    
,i4,b4#f4 of such form4  #a4 ,short     
title ,this ,act may be cited as the    
,small ,business ,freedom to ,grow ,act 
of #bjad4  #b4 ,forward incorporation by
 reference for ,form ,s-#a ,not later   
than #de days after the date of the     
enactment of this ,act1 the ,securities 

and ,exchange ,commission shall revise  
,form ,s-#a so as to permit a smaller   
reporting company to incorporate by     
reference in a registration statement   
filed on such form any documents that   
such company files with the ,commission 
after the effective date of such        
registration statement4  #c4 ,expanded  
eligibility for use of ,form ,s-#c  ,not
 later than #de days after the date of  
the enactment of this ,act1 the         
,securities and ,exchange ,commission   
shall revise ,form ,s-#c--  7#a7 so as  
to permit securities to be registered   
pursuant to ,general ,instruction       
,i4,b4#a4 of such form provided that    
either--  7,a7 the aggregate market     
value of the voting and non-voting      
common equity held by non-affiliates of 
the registrant is #ge1jjj1jjj or more2  
or  7,b7 the registrant has at least one
 class of common equity securities      
listed and registered on a national     
securities exchange2 and  7#b7 so as to 
remove the requirement of paragraph 7c7 

from ,general ,instruction ,i4,b4#f4 of 
such form4  #d4 ,smaller reporting      
company defined ,in this ,act1 the term 
smaller reporting company has the       
meaning given such term in section      
#bcj4dje of title #ag1 ,code of ,federal
 ,regulations4