,i  #aaeth ,,congress  #ast ,session    
,h4 ,r4 #bhfd  ,,in ,,the ,,house ,,of  
,,representatives  ,june #h1 #bjag,ms4  
,sinema 7for herself and ,mr4           
,hollingsworth7 introduced the following
 bill2 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  
requirements1 and for other purposes4   
#a4 ,short title ,this ,act may be cited
 as the ,improving ,access to ,capital  
,act4  #b4 ,application of exemption    
7a7 ,in general ,the ,securities and    
,exchange ,commission shall amend       
section #bcj4bea of title #ag1 ,code of 
,federal ,regulations1 to remove the    
requirement that the issuer not be      
subject to section #ac or #ae7;d7 of the
 ,securities ,exchange ,act of #aicd    
7#ae ,u4,s4,c4 #gh;a et seq47           
immediately before the offering4  7b7   
,tier #b offering reporting requirements
 ,section #ac of the ,securities        

,exchange ,act of #aicc 7#ae ,u4,s4,c4  
#ghm7 is amended by adding at the end   
the following3  7s7 ,exemption to       
reporting requirements ,with respect to 
a ,tier #b offering under section       
#bcj4bea of title #ag1 ,code of ,federal
 ,regulations1 an issuer that is subject
 to section #ac and meets the reporting 
requirements of that section is deemed  
to meet the periodic and current        
reporting requirements of section       
#bcj4beg of title #ag1 ,code of ,federal
 ,regulations4  4