Sec. 302. Duties of Ombudsman relating to Regulation Crowdfunding
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Section 4(g)(8) of the Securities Exchange Act of 1934 ( 15 U.S.C. 78d(g)(8) ) is amended— in subparagraph (B)— by redesignating clauses
(ii)and
(iii)as clauses
(iii)and (iv), respectively; and by inserting after clause
(i)the following: act as a liaison between the Commission, small businesses, intermediaries, and other entities subject to the regulations under part 227 of title 17, Code of Federal Regulations, or any successor regulation; ; and in subparagraph (D)— in the subparagraph heading, by striking and inserting Report ; Reports by striking The Ombudsman and inserting the following: The Ombudsman ; and by adding at the following: The Ombudsman shall submit to the Committee on Banking, Housing, and Urban Affairs and the Committee on Financial Services of the House of Representatives a report— on activities of the Ombudsman relating to the duties described in subparagraph (B)(ii); and that includes recommendations on regulatory changes to improve efficiency and access to capital for entities subject to the regulations under part 227 of title 17, Code of Federal Regulations, or any successor regulation. .
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Sec. 302
Duties of Ombudsman relating to Regulation Crowdfunding
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