Code · BILL · 115th Congress · H.R. 10 (Introduced in House) — To create hope and opportunity for investors, consumers, and entrepreneurs by ending bailouts and Too Big to Fail, ho... · Sec. 426

Sec. 426. Expanded eligibility for use of Form S–3

100 words·~1 min read·/bill/115/hr/10/ih/section-426

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Not later than 45 days after the date of the enactment of this Act, the Securities and Exchange Commission shall revise Form S–3— so as to permit securities to be registered pursuant to General Instruction I.B.1. of such form provided that either— the aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant is $75,000,000 or more; or the registrant has at least one class of common equity securities listed and registered on a national securities exchange; and so as to remove the requirement of paragraph

(c)from General Instruction I.B.6. of such form.