Bill > HR5877

This bill, the Main Street Growth Act, amends the Securities Exchange Act of 1934 to allow for the registration of "venture exchanges." These are national securities exchanges that can specifically trade securities of "early-stage, growth companies" and "emerging growth companies." The bill outlines the process for registering a venture exchange, the powers and restrictions applicable to them, and definitions of key terms like "venture securities" and "early-stage, growth company." It also provides a sense of Congress that the SEC should use its exemptive authority and consider creating an Office of Venture Exchanges. The bill aims to facilitate capital formation and investment in smaller, growing companies by creating a specialized exchange for their securities.

Business and Industry, Housing and Urban Affairs

https://www.congress.gov/bill/115th-congress/house-bill/5877/all-info