Regulation A+ Improvement Act of 2017
(Sec. 2) This bill amends the Securities Act of 1933 to increase the dollar limit of certain securities offerings exempt from registration requirements from $50 million annually to $75 million annually, adjusted in future years for inflation.
[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4263 Introduced in House (IH)]
<DOC>
115th CONGRESS
1st Session
H. R. 4263
To amend the Securities Act of 1933 with respect to small company
capital formation, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
November 7, 2017
Mr. MacArthur introduced the following bill; which was referred to the
Committee on Financial Services
_______________________________________________________________________
A BILL
To amend the Securities Act of 1933 with respect to small company
capital formation, and for other purposes.
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 ``Regulation At Improvement Act of
2017''.
SEC. 2. JOBS ACT-RELATED EXEMPTION.
Section 3(b) of the Securities Act of 1933 (15 U.S.C. 77c(b)) is
amended--
(1) in paragraph (2)(A), by striking ``$50,000,000'' and
inserting ``$75,000,000, adjusted for inflation by the
Commission every 2 years to the nearest $10,000 to reflect the
change in the Consumer Price Index for All Urban Consumers
published by the Bureau of Labor Statistics''; and
(2) in paragraph (5)--
(A) by striking ``such amount as'' and inserting:
``such amount, in addition to the adjustment for
inflation provided for under such paragraph (2)(A),
as''; and
(B) by striking ``such amount, it'' and inserting
``such amount, in addition to the adjustment for
inflation provided for under such paragraph (2)(A),
it''.
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Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 37 - 23.
Reported by the Committee on Financial Services. H. Rept. 115-544.
Reported by the Committee on Financial Services. H. Rept. 115-544.
Placed on the Union Calendar, Calendar No. 409.
Rules Committee Resolution H. Res. 773 Reported to House. Rule provides for consideration of H.R. 4545, H.R. 1116 and H.R. 4263. Rule provides for consideration of H.R. 4545 under a structured rule, and makes in order amendments printed in the report, with one motion to recommit with or without instructions. Rule also provides for consideration of H.R. 1116 and H.R. 4263 under closed rules. The rule provides for one hour of debate equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services for each measure, and one motion to recommit with or without instructions for each measure.
Rule H. Res. 773 passed House.
Considered under the provisions of rule H. Res. 773. (consideration: CR H1634-1642)
Rule provides for consideration of H.R. 4545, H.R. 1116 and H.R. 4263. Rule provides for consideration of H.R. 4545 under a structured rule, and makes in order amendments printed in the report, with one motion to recommit with or without instructions. Rule also provides for consideration of H.R. 1116 and H.R. 4263 under closed rules. The rule provides for one hour of debate equally divided and controlled by the Chair and Ranking Minority Member of the Committee on Financial Services for each measure, and one motion to recommit with or without instructions for each measure.
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DEBATE - The House proceeded with one hour of debate on H.R. 4263.
The previous question was ordered pursuant to the rule.
Mrs. Beatty moved to recommit with instructions to the Committee on Financial Services. (CR H1640)
DEBATE - The House proceeded with 10 minutes of debate on the motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to strike "$75,000,000" and insert "$50,000,000" on Page 3, line 10; and on Page 3, line 23, insert the following new section entitled: "Effect of Increase in Offering Limit".
The previous question on the motion to recommit with instructions was ordered without objection.
On motion to recommit with instructions Failed by the Yeas and Nays: 182 - 235 (Roll no. 109).
Roll Call #109 (House)Passed/agreed to in House: On passage Passed by the Yeas and Nays: 246 - 170 (Roll no. 110).(text: CR H1634)
Roll Call #110 (House)On passage Passed by the Yeas and Nays: 246 - 170 (Roll no. 110). (text: CR H1634)
Roll Call #110 (House)Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.