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![handle is hein.congrecreports/crptxacbl0001 and id is 1 raw text is: AUT-ENTICATED
U.S.GOVERNMENT
INFORMATION
O
115TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 115-1077
ACCESS TO CAPITAL CREATES ECONOMIC STRENGTH
AND SUPPORTS RURAL AMERICA ACT
DECEMBER 12, 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. 6745]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 6745) to amend the Securities Exchange Act of 1934 to
revise the shareholder threshold for registration under such Act for
issuers that receive support through certain Federal universal serv-
ice support mechanisms, and for other purposes, having considered
the same, report favorably thereon with an amendment and rec-
ommend that the bill as amended do pass.
The amendment is as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE.
This Act may be cited as the Access to Capital Creates Economic Strength and
Supports Rural America Act or the ACCESS Rural America Act.
SEC. 2. SHAREHOLDER THRESHOLD FOR REGISTRATION OF CERTAIN ISSUERS.
Section 12(g) of the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.) is
amended-
(1) in paragraph (1)-
(A) in subparagraph (A)(ii), by striking and at the end;
(B) in subparagraph (B), by adding and at the end;
(C) by inserting after subparagraph (B) the following:
(C) in the case of an issuer that, during its previous fiscal year, received sup-
port, directly or through an affiliate, through any Federal universal service sup-
port mechanism established under section 254 of the Communications Act of
1934 and filed the report described under paragraph (7) with respect to such
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