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![handle is hein.congrecreports/crptxaazv0001 and id is 1 raw text is: AUT-ENTICATED
US. GOVERNMENT
INFORMATION
GP
115TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 115-544
REGULATION AT IMPROVEMENT ACT OF 2017
FEBRUARY 2, 2018.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. HENSARLING, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 4263]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 4263) to amend the Securities Act of 1933 with respect
to small company capital formation, and for other purposes, having
considered the same, report favorably thereon without amendment
and recommend that the bill do pass.
PURPOSE AND SUMMARY
On November 11, 2017, Representative Tom MacArthur intro-
duced the Regulation A+ Improvement Act to increase the
amount that companies can offer and sell under Securities and Ex-
change Commission (SEC) Regulation A, Tier 2 (aka Regulation
A+) from $50 million to $75 million, to be adjusted for inflation by
the SEC every 2 years to the nearest $10,000.
BACKGROUND AND NEED FOR LEGISLATION
Despite the expansion of Regulation A+ to $50 million has been
a successful provision of the Jumpstart Our Business Startups or
JOBS Act (P.L. 112-106), a further expansion of this exemption
will alleviate disproportionate regulatory burdens on small and
emerging businesses that are a key source of innovation and job
creation in our economy.
79-006](ViewImageLocal?handle=hein.congrecreports/crptxaazv0001&div=1&collection=&method=preview&ext=.png&size=3)