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

Late Tuesday, the House passed HR 5405, Promoting Job Creation and Reducing Small Business Burdens Act, by a roll call vote of 320-102.

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.

Recall this is the second time HR 2274 passed in the House by a wide margin.  In January, HR 2274 passed UNANIMOUSLY on a roll call vote of 422-0.

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Nate Nead
Nate Nead is a licensed investment banker and Principal at Deal Capital Partners, LLC which includes InvestmentBank.com and Crowdfund.co. Nate works works with middle-market corporate clients looking to acquire, sell, divest or raise growth capital from qualified buyers and institutional investors. He is the chief evangelist of the company's growing digital investment banking platform. Reliance Worldwide Investments, LLC a member of FINRA and SIPC and registered with the SEC and MSRB. Nate resides in Seattle, Washington.
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