SB294: Expanding Access to Capital for Rural Job Creators Act
- Introduced (completed)
- 2Passed One Chamber (current step)
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
A bill to amend the Securities Exchange Act of 1934 to expand access to capital for rural-area small businesses, and for other purposes.
Plain-language summary
This bill amends the Securities Exchange Act of 1934, a law that regulates how stocks and bonds are bought and sold, to make it easier for small businesses in rural areas to raise money. The bill affects rural small business owners who need capital—money for starting or growing their businesses. Rural businesses often struggle to access financing compared to urban businesses. The bill is currently engrossed, meaning it has passed one and is being prepared for the other chamber to consider it.
AI-generated summary
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SB294: Expanding Access to Capital for Rural Job Creators Act
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Sponsors
John Kennedy
Primary SponsorCo-sponsors (5)
Tina Smith
Gary Peters
Raphael Warnock
Jacky Rosen
Shelley Capito