Small Business Relief Act

Bill: 119-hr-4130
Sponsor: full_name: Rep. Garbarino, Andrew R. [R-NY-2]
Introduced: 2025-06-25
Policy area: Finance and Financial Sector
Latest action: action_date: 2025-06-25
text: Referred to the House Committee on Financial Services.

Summaries:

tv_txt: I 119th CONGRESS 1st Session H. R. 4130 IN THE HOUSE OF REPRESENTATIVES June 25, 2025 Mr. Garbarino introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Securities Exchange Act of 1934 to exclude qualified institutional buyers and institutional accredited investors when calculating holders of a security for purposes of the mandatory registration threshold under such Act, and for other purposes.

1. Short title This Act may be cited as the Small Business Relief Act . 2. Exclusions from mandatory registration threshold (a) In general Section 12(g)(1) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78l(g)(1) ) is amended— (1) in paragraph (A)(i), by inserting after persons the following: (that are not a qualified institutional buyer or an institutional accredited investor) ; and (2) in paragraph (B), by inserting after persons the following: (that are not a qualified institutional buyer or an institutional accredited investor) . (b) Nonapplicability of general exemptive authority Section 36 of the Securities Exchange Act of 1934 ( 15 U.S.C. 78mm ) shall not apply to the matter inserted by the amendments made by subsection (a).