CONGRESS FOR VOTERS

Andrew Garbarino (R-NY)

Small Business Relief Act

H.R. 4130 · House bill Finance and Financial Sector

A Republican bill with 1 Republican cosponsor · See the cosponsor

Last activity — Placed on the Union Calendar, Calendar No. 450.

Cleared committee, waiting for its first floor vote

A committee approved it and it is on the calendar of the chamber it started in.

This is further than most bills get, and still no promise of a vote: the calendar is a queue, and the majority leadership decides what is called. A bill can sit here until the Congress ends.

Its path through Congress

  1. Introduced
  2. On Calendar

What this bill would do

This bill, known as the "Small Business Relief Act," aims to change how security holders are counted. It proposes an amendment to the Securities Exchange Act of 1934. Specifically, it seeks to exclude qualified institutional buyers and institutional accredited investors from the calculation of holders of a security. This change applies to the mandatory registration threshold. The bill was introduced by Mr. Garbarino and has been reported with an amendment.

Yes

  • Scored +5

    Would business owners be better off under this?

    The bill reduces regulatory hurdles for companies seeking to avoid mandatory registration.

  • Scored +5

    Does this make it easier to run a small business?

    The bill eases regulatory burdens by changing how security holders are counted for registration thresholds.

The opposite

No question was scored the opposite.