S. 3097IntroducedFINANCE AND FINANCIAL SECTOR
Main Street Growth Act
Banking and financial institutions regulation · Business investment and capital · Executive agency funding and structure
Key facts
Introduced: Oct 28, 2021
Chamber: Senate
Cosponsors: 0
Congress: 117th
Latest action · Apr 5, 2022
Committee on Banking, Housing, and Urban Affairs. Hearings held.
Summary
Main Street Growth Act
This bill allows for the registration of national venture securities exchanges for the purpose of trading the securities of certain small companies, such as startups and emerging growth companies. Individuals and existing national securities exchanges may apply to the Securities and Exchange Commission for approval to register such an exchange, or to register a listing tier within an existing exchange.
The bill sets forth requirements for these venture exchanges, including required disclosures, trading limits, and trading privileges.
Summary by Congressional Research Service.
Timeline
- Apr 5, 2022Committee on Banking, Housing, and Urban Affairs. Hearings held.
- Apr 5, 2022Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 117-621.
- Oct 28, 2021Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Oct 28, 2021Introduced in Senate
In the News
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