H.R. 4697 · 113th Congress
Small-Cap Access to Capital Act
- Stage
- Reported from committee
- Sponsor
- Kevin McCarthy
- Introduced
- 2014-05-21
- Latest action
- 2014-06-11 · Committee Consideration and Mark-up Session Held.
Summary
Small-Cap Access to Capital Act - Directs the Securities and Exchange Commission (SEC) to revise its definition of a well-known seasoned issuer to: (1) reduce from $700 million to $250 million the dollar amount of the issuer's worldwide market value of outstanding voting and non-voting common equity held by non-affiliates, and (2) prohibit an emerging growth company from qualifying as a well-known seasoned issuer.