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Amends Section 4(j) of the Securities Exchange Act to add new text at two specified insertion points aimed at improving access to capital for rural-area small businesses. The posted excerpt shows where language will be inserted but does not include the actual new provisions, so the bill’s specific legal effects and requirements are not stated.
Because the actual insertion text is missing, the likely near-term effect is to direct changes in securities law or to require rulemaking by the Securities and Exchange Commission (SEC) that could create exemptions, reporting changes, or tailored capital-raising pathways for rural small businesses and the firms that serve them.
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Introduced February 13, 2025 by John Neely Kennedy · Last progress February 13, 2025