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Main Street Growth Act

12/30/2022, 7:48 AM

Congressional Summary of S 3097

Main Street Growth Act

This bill allows for the registration of national venture securities exchanges for the purpose of trading the securities of certain small companies, such as startups and emerging growth companies. Individuals and existing national securities exchanges may apply to the Securities and Exchange Commission for approval to register such an exchange, or to register a listing tier within an existing exchange.

The bill sets forth requirements for these venture exchanges, including required disclosures, trading limits, and trading privileges.

Current Status of Bill S 3097

Bill S 3097 is currently in the status of Bill Introduced since October 28, 2021. Bill S 3097 was introduced during Congress 117 and was introduced to the Senate on October 28, 2021.  Bill S 3097's most recent activity was Committee on Banking, Housing, and Urban Affairs. Hearings held. as of April 5, 2022

Bipartisan Support of Bill S 3097

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3097

Primary Policy Focus

Finance and Financial Sector

Potential Impact Areas

- Banking and financial institutions regulation
- Business investment and capital
- Executive agency funding and structure
- Government information and archives
- Licensing and registrations
- Securities
- Securities and Exchange Commission (SEC)

Alternate Title(s) of Bill S 3097

Main Street Growth Act
Main Street Growth Act
A bill to amend the Securities Exchange Act of 1934 to allow for the registration of venture exchanges, and for other purposes.

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