,i  #aacth ,,congress  #b;d ,session    
,h4 ,r4 #dfig  ,,in ,,the ,,house ,,of  
,,representatives  ,may #ba1 #bjad ,mr4 
,mc,carthy of ,california introduced the
 following bill2 which was referred to  
the ,committee on ,financial ,services  
,a ,,bill  ,to require the ,securities  
and ,exchange ,commission to revise the 
definition of a well-known seasoned     
issuer to reduce the worldwide market   
value threshold under the definition4   
#a4 ,short title ,this ,act may be cited
 as the ,small-,cap ,access to ,capital 
,act4  #b4 ,definition of well-known    
seasoned issuer ,not later than #fj days
 after the date of the enactment of this
 ,act1 the ,securities and ,exchange    
,commission shall revise its definition 
of a well-known seasoned issuer under   
section #bcj4dje of title #ag1 ,code of 
,federal ,regulations1 to reduce the    
dollar amount under paragraph           
7#a77;i77,a7 of such definition         
7relating to worldwide market value of  
outstanding voting and non-voting common

 equity held by non-affiliates7 from    
#gjj million to #bej million and to     
prohibit an emerging growth company from
 qualifying as a well-known seasoned    
issuer4