Small Business Relief Act
Introduced Jun 25, 2025 by Rep. Andrew R. Garbarino
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
This bill allows issuers of securities to have institutional investors and buyers in a class of securities without needing to comply with certain Securities and Exchange Commission (SEC) registration requirements.
Currently, issuers of securities must register with and periodically report to the SEC when, among other requirements, the number of investors in a class of securities exceeds a specific cap. Under the bill, qualified institutional buyers and institutional accredited investors do not count towards this cap.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.