I
118THCONGRESS
1
STSESSION H. R. 2651
To amend the Securities Act of 1933 with respect to small company capital
formation, and for other purposes.
IN THE HOUSE OF REPRESENTATIVES
APRIL17, 2023
Mrs. H
OUCHINintroduced the following bill; which was referred to the
Committee on Financial Services
A BILL
To amend the Securities Act of 1933 with respect to small
company capital formation, and for other purposes.
Be it enacted by the Senate and House of Representa-1
tives of the United States of America in Congress assembled, 2
SECTION 1. SHORT TITLE. 3
This Act may be cited as the ‘‘Regulation A+ Im-4
provement Act of 2023’’. 5
SEC. 2. JOBS ACT-RELATED EXEMPTION. 6
Section 3(b) of the Securities Act of 1933 (15 U.S.C. 7
77c(b)) is amended— 8
(1) in paragraph (2)(A), by striking 9
‘‘$50,000,000’’ and inserting ‘‘$150,000,000, ad-10
VerDate Sep 11 2014 03:17 Apr 21, 2023 Jkt 039200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H2651.IH H2651
pbinns on DSKJLVW7X2PROD with $$_JOB 2
•HR 2651 IH
justed for inflation by the Commission every 2 years 1
to the nearest $10,000 to reflect the change in the 2
Consumer Price Index for All Urban Consumers 3
published by the Bureau of Labor Statistics’’; and 4
(2) in paragraph (5)— 5
(A) by striking ‘‘such amount as’’ and in-6
serting: ‘‘such amount, in addition to the ad-7
justment for inflation provided for under such 8
paragraph (2)(A), as’’; and 9
(B) by striking ‘‘such amount, it’’ and in-10
serting ‘‘such amount, in addition to the adjust-11
ment for inflation provided for under such 12
paragraph (2)(A), it’’. 13
Æ
VerDate Sep 11 2014 03:17 Apr 21, 2023 Jkt 039200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6301 E:\BILLS\H2651.IH H2651
pbinns on DSKJLVW7X2PROD with $$_JOB