Small-Cap Access to Capital Act
Latest action · Jun 11, 2014 Ordered to be Reported by the Yeas and Nays: 32 - 27.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedMay 21, 2014
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors
Members who signed on, in the order they did.
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred May 21, 2014Markup Jun 11, 2014 |
| Capital Markets Subcommittee | Hearings Apr 9, 2014 |
Actions 5
Everything that happened, newest first.
- Jun 11, 2014Committee Consideration and Mark-up Session Held.
- Jun 11, 2014Ordered to be Reported by the Yeas and Nays: 32 - 27.
- May 21, 2014Introduced in House
- May 21, 2014Referred to the House Committee on Financial Services.
- Apr 9, 2014Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Congressional Budget Office cost estimate
- Sep 5, 2014H.R. 4697, Small-Cap Access to Capital ActAs ordered reported by the House Committee on Financial Services on June 11, 2014
Constitutional authority
The sponsor’s statement, as printed in the page H4784.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To require the Securities and Exchange Commission to revise the definition of a well-known seasoned issuer to reduce the worldwide market value threshold under the definition.
- Short Titles as Introduced
- Small-Cap Access to Capital Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
Text 1
Each version as it was printed, newest first.
- May 21, 2014Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
