Facilitating Main Street Offerings Act

Bill: 117-s-3966
Sponsor: full_name: Sen. Moran, Jerry [R-KS]
Introduced: 2022-03-30
Policy area: Finance and Financial Sector
Subjects: Administrative law and regulatory procedures

Securities

State and local finance

State and local government operations
Latest action: action_date: 2022-04-05
text: Committee on Banking, Housing, and Urban Affairs. Hearings held.

Summaries:
action_date: 2022-03-30
action_desc: Introduced in Senate
text: <p><strong>Facilitating Main Street Offerings Act </strong></p> <p>This bill exempts certain securities issued under Regulation A from state regulation of secondary transactions. Regulation A exempts small issues of securities from registration requirements. </p>

tv_txt: II 117th CONGRESS 2d Session S. 3966 IN THE SENATE OF THE UNITED STATES March 30, 2022 Mr. Moran 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 to define secondary offerings of Regulation A tier 2 securities as covered securities for purposes of an exemption from State regulation, and for other purposes.

1. Short title This Act may be cited as the Facilitating Main Street Offerings Act . 2. Exemption from State regulation of securities Section 18(b)(4)(A) of the Securities Act of 1933 ( 15 U.S.C. 77r(b)(4)(A) ) is amended by inserting or pursuant to all disclosure obligations of section 3(b)(2) of this Act and any regulations issued under that section before the semicolon.