Expanding Access to Capital for Rural Job Creators Act
Source: Congress.gov ·
178 words in original text
What This Bill Does
This bill amends the Securities Exchange Act of 1934, which is a federal law that regulates how stocks and securities are bought and sold. The bill works to expand access to capital (money for business operations and growth) for small businesses located in rural areas.
Who It Affects
Rural-area small businesses are directly impacted by this bill.
Key Provisions
• The bill adds rural-area small businesses to a list that already includes women-owned small businesses in Section 4(j)(4)(C) of the Securities Exchange Act of 1934 (Sec. 2)
• The bill adds rural-area small businesses to a list that already includes women-owned small businesses in Section 4(j)(6)(B)(iii) of the Securities Exchange Act of 1934 (Sec. 2)
What Changes
Rural-area small businesses are now included alongside women-owned small businesses in two specific parts of federal securities law. This means these rural businesses receive the same consideration or benefits that women-owned small businesses already receive under those sections.
Important Definitions
None explicitly defined in bill text.
Important: This plain English summary was generated by AI and is provided for informational purposes only.
It is not legal advice. Always consult the official bill text on Congress.gov
or a qualified attorney for legal matters.