119-hr4130

HR
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Small Business Relief Act

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Introduced:
Jun 25, 2025
Policy Area:
Finance and Financial Sector

Bill Statistics

3
Actions
0
Cosponsors
0
Summaries
1
Subjects
1
Text Versions
Yes
Full Text

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Latest Action

Jun 25, 2025
Referred to the House Committee on Financial Services.

Actions (3)

Referred to the House Committee on Financial Services.
Type: IntroReferral | Source: House floor actions | Code: H11100
Jun 25, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: Intro-H
Jun 25, 2025
Introduced in House
Type: IntroReferral | Source: Library of Congress | Code: 1000
Jun 25, 2025

Subjects (1)

Finance and Financial Sector (Policy Area)

Text Versions (1)

Introduced in House

Jun 25, 2025

Full Bill Text

Length: 2,017 characters Version: Introduced in House Version Date: Jun 25, 2025 Last Updated: Nov 15, 2025 6:18 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4130 Introduced in House

(IH) ]

<DOC>

119th CONGRESS
1st Session
H. R. 4130

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.

_______________________________________________________________________

IN THE HOUSE OF REPRESENTATIVES

June 25, 2025

Mr. Garbarino introduced the following bill; which was referred to the
Committee on Financial Services

_______________________________________________________________________

A BILL

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.

Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.

This Act may be cited as the ``Small Business Relief Act''.
SEC. 2.

(a) In General.--
Section 12 (g) (1) of the Securities Exchange Act of 1934 (15 U.

(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.
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) .
<all>