Accelerating Access to Capital Act of 2017

Bill: 115-hr-4529
Sponsor: full_name: Rep. Wagner, Ann [R-MO-2]
Introduced: 2017-12-01
Policy area: Finance and Financial Sector
Subjects: Business records

Corporate finance and management

Government information and archives

Licensing and registrations

Securities
Latest action: action_date: 2018-02-23
text: Placed on the Union Calendar, Calendar No. 436.

Summaries:
action_date: 2017-12-01
action_desc: Introduced in House
text: <p><b>Accelerating Access to Capital Act of 2017</b></p> <p>This bill directs the Securities and Exchange Commission (SEC) to revise Form S-3 so as to permit securities to be registered pursuant to General Instruction I.B.1. of the form if the registrant has at least one class of common equity securities listed and registered on a national securities exchange. The SEC must also revise General Instruction I.B.6. of Form S-3 to allow certain registrants to use that instruction&nbsp;to offer up to one-third of the aggregate market value of their common equity even if they are not registered on a national securities exchange. </p>

action_date: 2018-02-23
action_desc: Reported to House without amendment
text: <p>(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.)</p> <p><b>Accelerating Access to Capital Act of 2017</b></p> <p>(Sec. 2) This bill directs the Securities and Exchange Commission (SEC) to revise Form S-3 so as to permit securities to be registered pursuant to General Instruction I.B.1. of the form if the registrant has at least one class of common equity securities listed and registered on a national securities exchange. The SEC must also revise General Instruction I.B.6. of Form S-3 to allow certain registrants to use that instruction&nbsp;to offer up to one-third of the aggregate market value of their common equity even if they are not registered on a national securities exchange. </p>

tv_txt: I 115th CONGRESS 1st Session H. R. 4529 IN THE HOUSE OF REPRESENTATIVES December 1, 2017 Mrs. Wagner introduced the following bill; which was referred to the Committee on Financial Services 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.

tv_txt: IB Union Calendar No. 436 115th CONGRESS 2d Session H. R. 4529 [Report No. 115–576] IN THE HOUSE OF REPRESENTATIVES December 1, 2017 Mrs. Wagner introduced the following bill; which was referred to the Committee on Financial Services February 23, 2018 Committed 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, 2018 Committed to the Committee of the Whole House on the State of the Union and ordered to be printed