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S 1831 112th Congress Senate Finance and Financial Sector Administrative law and regulatory procedures Financial services and investments Marketing and advertising Securities Securities and Exchange Commission (SEC)

Access to Capital for Job Creators Act

Introduced: November 9, 2011 Introduced by: Thune, John Republican · South Dakota See on congress.gov
 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 14, 2011
Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance and Investment. Hearings held. With printed Hearing: S.Hrg. 112-465.
Dec 1, 2011
Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-444.
Nov 9, 2011
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Nov 9, 2011
Introduced in Senate
 Plain-English summary Congressional Research Service

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.



What's happening now December 14, 2011

Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance and Investment. Hearings held. With printed Hearing: S.Hrg. 112-465.

 Committees of jurisdiction 2