Regulation A+ Improvement Act of 2024

Hozzl · 2024-02-16T15:28:31Z

Explore the details of Senate Bill 3710 Regulation A+ Improvement Act of 2024 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on undefined. Stay informed on legislative developments.

2/16/2024, 3:28 PM

Summary of Bill S 3710

Bill 118 s 3710, also known as the Regulation A+ Improvement Act of 2024, aims to make changes to the Regulation A+ securities offering process in order to improve access to capital for small and medium-sized businesses. The bill was introduced in the Senate on March 15, 2024.

One of the key provisions of the bill is to increase the maximum offering amount for Regulation A+ offerings from $50 million to $75 million. This change is intended to provide businesses with more flexibility in raising capital through Regulation A+ offerings.

Additionally, the bill seeks to streamline the filing and review process for Regulation A+ offerings by allowing issuers to submit their offering documents electronically. This is expected to reduce the time and cost associated with the filing process, making it easier for businesses to access capital through Regulation A+ offerings. The Regulation A+ Improvement Act of 2024 also includes provisions to expand the eligibility criteria for Regulation A+ offerings to include reporting companies that are current in their reporting obligations. This change is aimed at providing more opportunities for established companies to raise capital through Regulation A+ offerings. Overall, the bill is designed to make it easier for small and medium-sized businesses to access capital through Regulation A+ offerings by increasing the maximum offering amount, streamlining the filing process, and expanding eligibility criteria. If passed, the Regulation A+ Improvement Act of 2024 could have a positive impact on the ability of businesses to raise capital and grow their operations.

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Current Status of Bill S 3710

Bill S 3710 is currently in the status of Bill Introduced since January 31, 2024. Bill S 3710 was introduced during Congress 118 and was introduced to the Senate on January 31, 2024. Bill S 3710's most recent activity was Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of January 31, 2024

Bipartisan Support of Bill S 3710

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Policy Area and Potential Impact of Bill S 3710

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Alternate Title(s) of Bill S 3710

Regulation A+ Improvement Act of 2024Regulation A+ Improvement Act of 2024A bill to amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes.

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