Library / Laws / 115th / hr / H.R. 4529 / Reported in House
IB
Union Calendar No. 436
115th CONGRESS
2d Session
H. R. 4529
[Report No. 115–576]
IN THE HOUSE OF REPRESENTATIVES
December 1, 2017Mrs. Wagner introduced the following bill; which was referred to the Committee on Financial Services
February 23, 2018Committed to the Committee of the Whole House on the State of the Union and ordered to be printed
A BILL
To direct the Securities and Exchange Commission to revise Form S–3 so as 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 I.B.1. of such form and to remove such listing and
registration as a requirement of General Instruction I.B.6. of such form.
1.
Short title
This Act may be cited as the Accelerating Access to Capital Act of 2017.
2.
Expanded eligibility for use of Form S–3
Not later than 45 days after the date of the enactment of this Act, the Securities and Exchange Commission shall revise Form S–3—
(1) so as to permit securities to be registered pursuant to General Instruction I.B.1. of such form provided that either—
(A) the aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant is $75,000,000 or more; or
(B) the registrant has at least one class of common equity securities listed and registered on a national securities exchange; and
(2) so as to remove the requirement of paragraph (c) from General Instruction I.B.6. of such form.
February 23, 2018Committed to the Committee of the Whole House on the State of the Union and ordered to be printed