Small Business Relief Act

HR 4130, the Small Business Relief Act, exempts certain small businesses from mandatory securities registration requirements under the Securities Exchange Act of 1934. Specifically, it amends Section 12(g)(1) to exclude "qualified institutional buyers or institutional accredited investors" from the registration threshold, meaning these businesses won't need to register with the SEC if they meet the criteria. The bill also ensures Section 36 of the Act doesn't apply to these changes, reinforcing the exemption. This directly affects small businesses that qualify as institutional accredited investors, reducing their regulatory burden under federal securities law.