H.R. 5877: Main Street Growth Act

CBO Score

$5 million

Date of Report

Thu July 19th, 2018

CBO Report Details

Legislation Details

115th Congress

To amend the Securities Exchange Act of 1934 to allow for the registration of venture exchanges, and for other purposes.

Sponsor: Rep. Tom Emmer — R — MN

Under current law, the Securities and Exchange Commission (SEC) registers and approves marketplaces for trading securities (known as national securities exchanges) and regulates aspects of their operation. H.R. 5877 would allow current national securities exchanges to register a venture exchange for trading stocks of certain small companies. Under the legislation, any newly formed exchanges could elect to operate as venture exchanges at the time they register with the SEC. The SEC would be required to issue regulations regarding the information that must to be disclosed to venture securities issuers and investors. Finally, H.R. 4638 would authorize the SEC to create an Office of Venture Exchanges.

View the full vote history of this bill on GovTrack.us.

As a registered user, you receive personalized updates to your inbox or dashboard when elected officials vote to spend more of your money. Choose to receive updates daily, weekly, monthly, or as they happen.


Sign up below to receive updates when your Members of Congress vote for new spending increases or cuts.

Lost your Password?

Don't be sad- we've got your back. Just enter your email below and instructions on resetting your password will be sent to you.

+ + HIGH LOW +
+ + HIGH LOW +