Regulation A+ Improvement Act of 2020

Regulation A+ Improvement Act of 2020

This bill increases 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 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7834 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 7834

   To amend the Securities Act of 1933 with respect to small company 
               capital formation, and for other purposes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 29, 2020

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

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                                 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 A+ Improvement Act of 
2020''.

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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