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Easier Capital Access for Rural Telecom Companies

This act makes it easier for small telecommunications companies in rural areas to raise money. It changes the rules about how many shareholders a company can have before it needs to register with the financial oversight agency. These companies will still need to provide simplified financial reports to investors.
Key points
Smaller telecom companies in rural areas can have more shareholders without full registration with the financial oversight agency.
These federally supported companies must provide simplified financial summaries to investors upon request.
The changes aim to improve access to capital for companies serving rural areas, potentially enhancing internet and telecom services.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_9445
Sponsor: Rep. Tiffany, Thomas P. [R-WI-7]
Process start date: 2022-12-06
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

ACCESS Rural America Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9445.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-12-06.

What are the main provisions?

Key points include:

  • Smaller telecom companies in rural areas can have more shareholders without full registration with the financial oversight agency.
  • These federally supported companies must provide simplified financial summaries to investors upon request.
  • The changes aim to improve access to capital for companies serving rural areas, potentially enhancing internet and telecom services.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Tiffany, Thomas P. [R-WI-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Economy Public Investments