Regulation A+ Improvement Act of 2020

I 116TH CONGRESS 2D SESSION H. R. 7834 To amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes. IN THE HOUSE OF REPRESENTATIVES JULY 29, 2020 Mr. HOLLINGSWORTH introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Securities Act of 1933 with respect to small company capital formation, and for other purposes. Be it enacted by the Senate and House of Representa- 1 tives of the United States of America in Congress assembled, 2 SECTION 1. SHORT TITLE. 3 This Act may be cited as the ‘‘Regulation A+ Im- 4 provement Act of 2020’’. 5 SEC. 2. JOBS ACT-RELATED EXEMPTION. 6 Section 3(b) of the Securities Act of 1933 (15 U.S.C. 7 77c(b)) is amended— 8 (1) in paragraph (2)(A), by striking 9 ‘‘$50,000,000’’ and inserting ‘‘$75,000,000, ad- 10 VerDate Sep 11 2014 23:25 Aug 17, 2020 Jkt 099200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H7834.IH H7834 kjohnson on DSK79L0C42PROD with BILLS 2 •HR 7834 IH justed for inflation by the Commission every 2 years 1 to the nearest $10,000 to reflect the change in the 2 Consumer Price Index for All Urban Consumers 3 published by the Bureau of Labor Statistics’’; and 4 (2) in paragraph (5)— 5 (A) by striking ‘‘such amount as’’ and in- 6 serting: ‘‘such amount, in addition to the ad- 7 justment for inflation provided for under such 8 paragraph (2)(A), as’’; and 9 (B) by striking ‘‘such amount, it’’ and in- 10 serting ‘‘such amount, in addition to the adjust- 11 ment for inflation provided for under such 12 paragraph (2)(A), it’’. 13 Æ VerDate Sep 11 2014 23:25 Aug 17, 2020 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H7834.IH H7834 kjohnson on DSK79L0C42PROD with BILLS