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119-hr-1190119th CongressWALLET

Expanding Access to Capital for Rural Job Creators Act

Sponsored By: Representative Downing, Troy [R-MT-2]

Passed Senate

Summary

Adds "rural-area small businesses" to Section 4(j) of the Securities Exchange Act. This single amendment extends the capital-access eligibility that women-owned small businesses currently enjoy to rural small businesses. It creates a geographic qualifier within Section 4(j) while leaving the Act's existing definitions, program structure, and fiscal terms unchanged and does not add new programs, funding, or tax provisions.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Broader eligibility for rural small businesses

The bill would add rural small businesses to two existing securities-law provisions that already name women-owned small businesses. This would extend those provisions to rural small businesses upon enactment. The bill would not create new programs, funding, or tax breaks, or guarantee that businesses receive money.

Sponsors & CoSponsors

Sponsor

Downing, Troy [R-MT-2]

MT • R

Cosponsors

  • Rep. Bynum, Janelle S. [D-OR-5]

    OR • D

    Sponsored 2/11/2025

  • Rep. Nunn, Zachary [R-IA-3]

    IA • R

    Sponsored 2/11/2025

  • Rep. Pappas, Chris [D-NH-1]

    NH • D

    Sponsored 2/11/2025

  • Rep. Sessions, Pete [R-TX-17]

    TX • R

    Sponsored 5/19/2025

  • Rep. Vindman, Eugene Simon [D-VA-7]

    VA • D

    Sponsored 5/21/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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