S.1831 - Access to Capital for Job Creators Act

A bill to direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D. view all titles (2)

All Bill Titles

  • Official: A bill to direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D. as introduced.
  • Short: Access to Capital for Job Creators Act as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
11/08/11
 
 
 
 
 
 
 

Sponsor

Senator

John Thune

R-SD

View Co-Sponsors (24)

Official Summary

11/9/2011--Introduced.Access to Capital for Job Creators Act -Amends the Securities Act of 1933 to exempt from proscriptions governing interstate commerce and the mails those transactions by an issuer that do not involve a public offering, whether or not such transactions involve general s

Official Summary

11/9/2011--Introduced.Access to Capital for Job Creators Act -Amends the Securities Act of 1933 to exempt from proscriptions governing interstate commerce and the mails those transactions by an issuer that do not involve a public offering, whether or not such transactions involve general solicitation or general advertising. Directs the Securities and Exchange Commission (SEC) to revise rules governing an exemption from public offering requirements for limited offers and sales without regard to the dollar amount of the offering (Regulation D), so as to provide that a specified prohibition against general solicitation or general advertising does not apply to offers and sales of securities made pursuant to Regulation D if all purchasers of the securities are accredited investors. Amends such revised rules to require that the issuer take reasonable steps to verify that purchasers of the securities are accredited investors, using such methods as are determined by the SEC.

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Organizations Supporting S.1831

  • Biotechnology Industry Organization
  • Financial Services Forum
  • GATE Technologies
  • National Small Business Association
  • National Taxpayers Union
  • Stapleton Business Brokers
  • ...and 3 more. See all.

Organizations Opposing S.1831

  • American Federation of State, County and Municipal Employees
  • American Association of Retired Persons
  • Americans for Financial Reform
  • Consumer Action
  • Consumer Federation of America
  • Main Street Alliance
  • ...and 6 more. See all.




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