Bill > HR1190

This bill aims to amend the Securities Exchange Act of 1934 to expand access to capital for small businesses located in rural areas. Specifically, the bill makes two key modifications to existing law: first, it adds "rural-area small businesses" as a category alongside "women-owned small businesses" in Section 4(j) of the Act, which likely relates to considerations of business support and economic development. The bill appears designed to help rural small businesses gain better access to financial resources and investment opportunities by ensuring they are explicitly recognized in securities regulations. By making these targeted amendments, the legislation seeks to address potential economic disparities and support job creation in rural communities by making it easier for small businesses in those areas to secure capital. The bill is relatively concise, focusing on a narrow but potentially impactful change to existing securities law that could help rural entrepreneurs and small business owners overcome financial barriers.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/1190/all-info