Bill > HR4130

This bill, titled the "Small Business Relief Act," proposes to amend the Securities Exchange Act of 1934 to ease the requirements for companies to register their securities. Specifically, it aims to exclude certain sophisticated investors, known as "qualified institutional buyers" and "institutional accredited investors," from the count of security holders used to determine if a company has reached the threshold for mandatory registration. Currently, if a company has a certain number of shareholders, it must register its securities with the government, which involves significant reporting and compliance burdens. By excluding these large, experienced investors, the bill intends to reduce the number of companies that trigger this registration requirement, thereby providing relief and reducing compliance costs for small businesses.

Business and Industry

https://www.congress.gov/bill/119th-congress/house-bill/4130/all-info