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Easier Capital Access for Rural Telecom Companies

New rules make it easier for small telecommunications companies serving rural, insular, and high-cost areas to raise capital. They change the shareholder threshold for mandatory registration with financial regulators and introduce a requirement for these companies to provide simplified financial information to investors upon request.
Key points
Federally supported rural telecom companies can have more shareholders without full registration, making it easier to raise funds.
Simplified financial reports must be provided to investors upon request, increasing transparency for potential investors.
Asset and shareholder thresholds will be regularly adjusted for inflation to remain current.
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Additional Information
Print number: 118_HR_4360
Sponsor: Rep. Tiffany, Thomas P. [R-WI-7]
Process start date: 2023-06-23