Sec. 2. TABLE OF CONTENTS

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## SEC. 2 TABLE OF CONTENTS The table of contents of this Act is as follows: Sec. 1. Short title. Sec. 2. Table of contents. TITLE I—REOPENING AMERICAN CAPITAL MARKETS TO EMERGING GROWTH COMPANIES Sec. 101. Definitions. Sec. 102. Disclosure obligations. Sec. 103. Internal controls audit. Sec. 104. Auditing standards. Sec. 105. Availability of information about emerging growth companies. Sec. 106. Other matters. Sec. 107. Opt-in right for emerging growth companies. Sec. 108. Review of Regulation S-K.

TITLE II—ACCESS TO CAPITAL FOR JOB CREATORS Sec. 201. Modification of exemption. TITLE III—CROWDFUNDING Sec. 301. Short title. Sec. 302. Crowdfunding exemption. Sec. 303. Exclusion of crowdfunding investors from shareholder cap. Sec. 304. Funding portal regulation. Sec. 305. Relationship with State law. TITLE IV—SMALL COMPANY CAPITAL FORMATION Sec. 401. Authority to exempt certain securities. Sec. 402. Study on the impact of State Blue Sky laws on Regulation A offerings. TITLE V—PRIVATE COMPANY FLEXIBILITY AND GROWTH Sec. 501.

Threshold for registration. Sec. 502. Employees. Sec. 503. Commission rulemaking. Sec. 504. Commission study of enforcement authority under Rule 12g5-1. TITLE VI—CAPITAL EXPANSION Sec. 601. Shareholder threshold for registration. Sec. 602. Rulemaking. TITLE VII—OUTREACH ON CHANGES TO THE LAW Sec. 701. Outreach by the Commission. # TITLE I REOPENING AMERICAN CAPITAL MARKETS TO EMERGING GROWTH COMPANIES