To enhance the ability of smaller reporting companies to access the public securities markets by allowing forward incorporation by reference on Form S-1, to add listing and registration of a class of common equity securities on a national securities exchange as an additional basis for satisfying the requirements of General Instruction I.B.1. of Form S-3, and to remove such listing and registration as a requirement of General Instruction I.B.6. of such form.
Small Business Freedom to Grow Act of 2014 - Directs the Securities and Exchange Commission (SEC) to revise Form S-1 so that a smaller reporting company may incorporate by reference in a registration statement filed on that form any documents it files with the SEC after the registration statement's effective date.
Directs the SEC to revise Form S-3 so as to permit securities to be registered pursuant to General Instruction I.B.1. of the form if either: (1) the aggregate market value of voting and non-voting common equity held by non-affiliates of the registrant is $75 million or more, or (2) the registrant has at least one class of common equity securities listed and registered on a national securities exchange.
Requires the SEC to remove a certain listing and registration requirement from General Instruction I.B.6. of Form S-3.
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction.
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported by the Yeas and Nays: 32 - 26.
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