15 U.S.C. § 80c–3: Reduction of costs of small…

Summary

The SEC must try its best to cut the costs small companies face when they raise money by selling securities. This work focuses on companies whose total securities and debts are worth $25,000,000 or less, and it can include studies, sharing news about better printing, communication, and filing technologies, and paying special attention to how current or new rules affect small firms and the independent broker-dealers that underwrite and trade their securities. The SEC must report on what it did at the annual Government-business forum required by section 80c–1.

Title 15, §80c–3

Commerce and Trade, Source: USLM XML via OLRC

(a)The Securities and Exchange Commission shall use its best efforts to identify and reduce the costs of raising capital in connection with the issuance of securities by firms whose aggregate outstanding securities and other indebtedness have a market value of $25,000,000 or less, through such means as studies, giving appropriate publicity to improved technology developments in fields such as printing, communications, and filing, and giving special attention to the effect of existing and proposed regulatory changes upon the small companies wishing to raise capital and independent broker-dealers which are in a key position with respect to the costs of underwriting and making markets in the securities of smaller companies.

(b)The Commission shall report on these efforts at the annual Government-business forum required by section 80c–1 of this title.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective Jan. 1, 1981, see section 507 of Pub. L. 96–477, set out as a note under section 80c of this title.

§80c–3 Reduction of Costs of Small Securities Issues

Summary

Title 15, §80c–3

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Effective Date

Citations & Metadata