S. 3710 — Introduced in Senate

II 118th CONGRESS 2d Session S. 3710 IN THE SENATE OF THE UNITED STATES January 31, 2024Mr. Budd (for himself and Mr. Braun) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes. 1. Short title This Act may be cited as the Regulation A+ Improvement Act of 2024. 2. JOBS Act-related exemption Section 3(b) of the Securities Act of 1933 (15 U.S.C. 77c(b)) is amended— (1) in paragraph (2)(A), by striking $50,000,000 and inserting $150,000,000, adjusted for inflation by the Commission every 2 years to the nearest $10,000 to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics; and (2) in paragraph (5)— (A) by striking such amount as and inserting: such amount, in addition to the adjustment for inflation provided for under such paragraph (2)(A), as; and (B) by striking such amount, it and inserting such amount, in addition to the adjustment for inflation provided for under such paragraph (2)(A), it.