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![handle is hein.congrecreports/crptxabbb0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Gp
115TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 115-576
ACCELERATING ACCESS TO CAPITAL ACT OF 2017
FEBRUARY 23, 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. 4529]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 4529) to direct the Securities and Exchange Commission
to revise Form S-3 so as to add listing and registration of a class
of common equity securities on a national securities exchange as an
additional basis for satisfying the requirements of General Instruc-
tion I.B.1. of such form and to remove such listing and registration
as a requirement of General Instruction I.B.6. of such form, having
considered the same, report favorably thereon without amendment
and recommend that the bill do pass.
PURPOSE AND SUMMARY
On December 1, 2017, Representative Ann Wagner introduced
H.R. 4529, the Accelerating Access to Capital Act of 2017, to
amend the Securities and Exchange Commission's (SEC) Form S-
3 registration statement for smaller reporting companies that have
a class of common equity securities listed and registered on a na-
tional securities exchange. The bill allows these companies to reg-
ister primary securities offerings exceeding one-third of the aggre-
gate market value of voting and non-voting common equity held by
non-affiliates of the registrant. It also allows smaller reporting
companies without a class of common equity securities listed and
registered on a national securities exchange to register primary se-
curities offerings up to one-third of their public float.
79-006](ViewImageLocal?handle=hein.congrecreports/crptxabbb0001&div=1&collection=&method=preview&ext=.png&size=3)