Expanding Access to Capital for Rural Job Creators Act

Bill: 119-s-577
Sponsor: full_name: Sen. Kennedy, John [R-LA]
Introduced: 2025-02-13
Policy area: Finance and Financial Sector
Subjects: Business investment and capital

Rural conditions and development

Securities and Exchange Commission (SEC)

Small business
Latest action: action_date: 2025-02-13
text: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Summaries:
action_date: 2025-02-13
action_desc: Introduced in Senate
text: <p><strong>Expanding Access to Capital for Rural Job Creators Act</strong></p><p>This bill requires the Office of the Advocate for Small Business Capital Formation within the Securities and Exchange Commission to report on issues encountered by rural-area small businesses.</p>

tv_txt: II 119th CONGRESS 1st Session S. 577 IN THE SENATE OF THE UNITED STATES February 13, 2025 Mr. Kennedy (for himself, Mrs. Capito , Mr. Peters , and Mr. Warnock ) 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 Exchange Act of 1934 to expand access to capital for rural-area small businesses, and for other purposes.

1. Short title This Act may be cited as the Expanding Access to Capital for Rural Job Creators Act . 2. Access to capital for rural-area small businesses Section 4(j) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78d(j) ) is amended— (1) in paragraph (4)(C), by inserting rural-area small businesses, after women-owned small businesses, ; and (2) in paragraph (6)(B)(iii), by inserting rural-area small businesses, after women-owned small businesses, .