More JOBS for Rural Areas Act

More Job Opportunities and Business Startups for Rural Areas Act or the More JOBS for Rural Areas Act

This bill requires the Securities and Exchange Commission to report to Congress on topics related to improving access to capital in rural areas.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2102 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 2102

  To amend the Investment Company Act of 1940 to require a report on 
  improving access to capital in rural areas for small businesses and 
                   qualifying venture capital funds.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 17, 2017

  Mr. Kihuen introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To amend the Investment Company Act of 1940 to require a report on 
  improving access to capital in rural areas for small businesses and 
                   qualifying venture capital funds.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``More Job Opportunities and Business 
Startups for Rural Areas Act'' or the ``More JOBS for Rural Areas 
Act''.

SEC. 2. SEC REPORT IMPROVING ACCESS TO CAPITAL IN RURAL AREAS.

    The Securities and Exchange Commission shall issue a report on 
improving access to capital in rural areas, including--
            (1) best practices to improve investor base and small 
        businesses seeking access to capital;
            (2) recommendations for technological advances for 
        communications between investors and small businesses;
            (3) improving increased awareness for rural area small 
        businesses about venture capitalists funding opportunities;
            (4) recommendations to small businesses to learn about 
        diverse forms of capital to create innovation and jobs in rural 
        areas; and
            (5) assessment on factors currently inhibiting access to 
        capital in rural areas and recommendations to expand access.

SEC. 3. SUNSET PROVISION.

    This report shall be issued to the committees of jurisdiction one 
year after enactment and shall be a one-time report.
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