Last action was on 6-25-2025
Current status is Referred to the House Committee on Financial Services.
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This Act may be cited as the "Small Business Relief Act".
(a) In general - Section 12(g)(1) of the Securities Exchange Act of 1934 (15 U.S.C. 78l(g)(1)) is amended—
(1) - in paragraph (A)(i), by inserting after "persons" the following: "(that are not a qualified institutional buyer or an institutional accredited investor)"; and
(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).