Easier Capital Access for Rural Telecom Companies
This act changes rules for telecom companies receiving federal support in rural areas. It raises the shareholder threshold for SEC registration, potentially making it easier for them to raise capital. It also requires these companies to provide simplified financial summaries to investors upon request.
Key points
Rural telecom companies receiving federal support will have a higher shareholder limit (2,000 instead of 500) before needing to register with the Securities and Exchange Commission, potentially easing their growth and access to funds.
This shareholder limit will be adjusted for inflation every 5 years to maintain its value over time.
These companies, if they have between 500 and 2,000 shareholders, must provide simplified financial summaries to investors upon request, increasing transparency.
Expired
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