H.R. 1190: Expanding Access to Capital for Rural Job Creators Act

This bill, titled the "Expanding Access to Capital for Rural Job Creators Act," aims to modify the Securities Exchange Act of 1934 to enhance access to capital for small businesses located in rural areas. Here’s a breakdown of what the bill entails:

Amendments to Current Law

The bill proposes two specific changes to Section 4(j) of the Securities Exchange Act of 1934:

• Inclusion of Rural-area Small Businesses: The bill seeks to amend existing language to add “rural-area small businesses” alongside “women-owned small businesses.” This inclusion is meant to recognize the unique challenges faced by small businesses in rural regions when it comes to accessing capital.
• Further Reinforcement: Similar language will also be inserted in another section of the act to ensure that rural-area small businesses are acknowledged in the context of capital access initiatives.

Objectives of the Bill

The main aim of the bill is to provide better support for small businesses in rural areas, acknowledging that they often face different challenges compared to their urban counterparts. By expanding the definition in the Securities Exchange Act, the bill seeks to facilitate more opportunities for these businesses to secure funding and ultimately contribute to job creation and economic growth in rural communities.

Impact on Access to Capital

Through these amendments, the bill aims to help rural-area small businesses gain improved access to various types of financial assistance and investment opportunities. This support could include:

• Access to investment funds specifically targeting rural businesses.
• Opportunities to participate in initiatives designed to stimulate economic growth within rural regions.
• Better visibility and support within financial markets for rural-area entrepreneurs and business owners.

Relevant Companies

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