17 Sep 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.
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.