Bill > HR1723

This bill, known as the Small Company Simple Registration Act of 2015, directs the Securities and Exchange Commission (SEC), a U.S. government agency that oversees securities markets, to update Form S-1, a standard form companies use to register their securities with the SEC. Specifically, the bill allows "smaller reporting companies," which are companies meeting certain size criteria defined by SEC regulations, to "incorporate by reference" documents they file with the SEC *after* their registration statement on Form S-1 becomes effective. This means these companies can refer to and include future filings automatically in their initial registration statement, simplifying the process for smaller businesses seeking to raise capital by selling stock.