Expanding Access to Capital for Rural Job Creators Act
Source: Congress.gov ·
229 words in original text
What This Bill Does
This bill amends a 1934 law about stock markets and securities (financial instruments sold to raise money). The bill adds rural-area small businesses to existing groups already receiving help getting access to capital (money to start or grow a business).
Who It Affects
Rural-area small businesses are directly affected by this bill.
Key Provisions
• The bill adds "rural-area small businesses" to a list of business types in Section 4(j)(4)(C) of the Securities Exchange Act of 1934, placing them alongside women-owned small businesses. (Sec. 2)
• The bill adds "rural-area small businesses" to a list in Section 4(j)(6)(B)(iii) of the Securities Exchange Act of 1934, again alongside women-owned small businesses. (Sec. 2)
What Changes
Rural-area small businesses become explicitly included in the same categories as women-owned small businesses under federal securities law. This makes them eligible for whatever programs or considerations currently apply to women-owned small businesses in these sections.
Important Definitions
The bill does not define "rural-area small businesses."
Effective Date
Not specified 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
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