To make reforms to the capital markets of the United States, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To make reforms to the capital markets of the United States, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Labor, Government Operations.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H69C2FCB7CE244DA2B389C3B424668F9C: 1. Short title; table of contents This Act may be cited as the Expanding Access to Capital Act of 2023. The table of contents for this Act is as follows:
- Section H492378D91B0B4FD2B1F5E1DFB1ED0E27: 1101. Avoiding aberrational results in requirements for acquisition and disposition financial statements The Securities and Exchange Commission shall revise...
- Section H7B99F3B12FA9453E869E504A588D6375: 1201. Short title This title may be cited as the Helping Startups Continue To Grow Act.
- Section HF251A029348D45FBAA2630924598B861: 1202. Emerging growth company criteria Section 2(a)(19) of the Securities Act of 1933 (15 U.S.C. 77b(a)(19)) is amended— by striking $1,000,000,000 each place...
- Section H03B6347476C247128DD3F66ED42EE7BC: 1301. Auditor independence for certain past audits occurring before an issuer is a public company Section 103 of the Sarbanes-Oxley Act of 2002 (15 U.S.C....
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
This bill, To make reforms to the capital markets of the United States, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Labor, Government Operations
Primary Purpose
This bill, To make reforms to the capital markets of the United States, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
Contextual inference, no direct clause citation- financial institutions, investors, and borrowers
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- federal implementing agencies
- financial institutions, investors, and borrowers
Contextual inference, no direct clause citation
Legislative Progress
ReportedReceived; read twice and referred to the Committee on Banking, …
Reported from the Committee on Financial Services with an amendment
Committee on Education and the Workforce discharged; committed to the …
Mr. McHenry introduced the following bill; which was referred to …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Companies preparing for IPO, Crowdfunding platforms, Growing companies seeking capital
Crowdfunding investors, Individual investors, Individual investors seeking private investment access
Government Accountability Office, SEC, SEC Small Business Advocate
State labor regulators, State securities regulators
Gig economy and platform companies, Platform companies and gig economy firms
Accounting firms auditing pre-IPO companies
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
Key Definitions
Terms defined in this bill
the Securities and Exchange Commission. The term covered entity means— an investment company (as defined in section 3(a)(1) of the Investment Company Act of 1940 (15 U.S.C. 80a–3(a)(1))) that is registered under such Act
any group that— is composed of accredited investors interested in investing personal capital in early-stage companies
a person described in paragraphs (A) and (B) of subsection (p)(4) that— receives transaction-based compensation of equal to or less than $500,000 in any calendar year
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology