Expanding Access to Capital for Rural Job Creators Act
S 294, the Expanding Access to Capital for Rural Job Creators Act, amends the Securities Exchange Act of 1934 to include "rural-area small businesses" in two existing exemptions currently available to women-owned small businesses. Specifically, it adds this category to Section 4(j)(4)(C) and Section 4(j)(6)(B)(iii), which govern exemptions for small business capital raising. This change directly affects rural small businesses seeking to access capital markets by making them eligible for the same exemptions previously reserved for women-owned businesses. The bill does not create new funding or programs but adjusts eligibility criteria within existing securities law.
Bill status
passed
3 of 5 stages cleared
Introduction
Feb 2023
Committee Review
Sep 2023
Senate Passage
Sep 2023
House Passage
President
Introduced Feb 7, 2023
Last action Sep 12, 2023
Floor votes
How they voted
This bill passed the Senate. No roll call record of that vote is available.
Full legislative history
Actions timeline
Total actions
8
Key actions
3
Committee
2
Sep 7, 2023
Upper · Passed
Passed Senate without amendment by Unanimous Consent. (consideration: CR S4325-4326; text: CR S4325-4326)
upper
Sep 7, 2023
Upper · Passed
Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.(consideration: CR S4325-4326; text: CR S4325-4326)
upper
Sep 7, 2023
Upper · Passed
Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
upper
Feb 7, 2023
Committee
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
upper
Feb 7, 2023
Introduced
Introduced in Senate
upper
1 primary · 5 co-sponsors
Sponsors
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