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Small Business Relief Act of 2025 – H.R. 4130 IH
Introduced in the House of Representatives on June 25, 2025, H.R. 4130 IH aims to amend the Securities Exchange Act of 1934 to exclude qualified institutional buyers and institutional accredited investors when calculating holders of a security for purposes of the mandatory registration threshold under such Act, and for other purposes.
Section 1: Short Title
This Act may be cited as the ‘‘Small Business Relief’’ Act.
Section 2: Exclusions from Mandatory Registration Threshold
a) In General.—
Section 12(g)(1) of the Securities Exchange Act of 1934 (15 U.S.C. 78l(g)(1)) is amended—
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(1) in paragraph (A)(i), by inserting after ‘‘persons’’ the following: ‘‘(that are not a qualified institutional buyer or an institutional accredited investor)’’;
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(2) in paragraph (B), by inserting after ‘‘persons’’ the following: ‘‘(that are not a qualified institutional buyer or an institutional accredited investor)’’.
b) Nonapplicability of General Exemptive Authority.—
Section 36 of the Securities Exchange Act of 1934 (15 U.S.C. 78mm) shall not apply to the matter inserted by the amendments made by subsection (a).
This bill has been referred to the Committee on Financial Services and may be viewed in its entirety at https://www.govinfo.gov/app/details/BILLS-119hr4130ih.