HR 5405: Promoting Job Creation and Reducing Small Business Burdens Act Passes House

HR 5405 includes provisions to improve the ability of emerging growth companies to access capital through our nation’s publicly-traded markets; facilitate and streamline the SEC’s filing process for emerging growth companies; reduce regulatory burdens on highly regulated Small Business Investment Companies (SBICs) that invest exclusively in domestic small businesses; reduce regulatory burdens on mergers and acquisitions (M&A) advisers; cut bureaucratic red tape for emerging job creators; preserve the ability for businesses to manage risks through the use of the over-the-counter derivatives market; enhance market liquidity for growing public companies; and other important capital formation measures.

HR 5405 includes the following bills:

• HR 634, Business Risk Mitigation and Price Stabilization Act
• HR 677, Inter-Affiliate Swap Clarification Act
• HR 801, Holding Company Registration Threshold Equalization Act
• HR 2274, Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act
• HR 3448, Small Cap Liquidity Reform Act
• HR 3623, Improving Access to Capital for Emerging Growth Companies Act
• HR 4164, Small Company Disclosure Simplification Act
• HR 4167, Restoring Proven Financing for American Employers Act
• HR 4200, SBIC Advisers Relief Act
• HR 4569, Disclosure Modernization and Simplification Act
• HR 4571, Directs the Securities and Exchange Commission (SEC) to revise its rules so as to increase the threshold amount for requiring issuers to provide certain disclosures relating to compensatory benefit plans.