PlainBillCongress, translated.Legislation. Context. Public interest.Ordered to be Reported by the Yeas and Nays: 32 - 27.
Congressional Research Service
Version 00 · Introduced in House · May 21, 2014
Small-Cap Access to Capital Act - Directs the Securities and Exchange Commission (SEC) to revise its definition of a well-known seasoned issuer to: (1) reduce from $700 million to $250 million the dollar amount of the issuer's worldwide market value of outstanding voting and non-voting common equity held by non-affiliates, and (2) prohibit an emerging growth company from qualifying as a well-known seasoned issuer.
People & committees
Rep. McCarthy, Kevin [R-CA-23] · R–CA
Legislative record
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Ordered to be Reported by the Yeas and Nays: 32 - 27.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral.
Primary sources
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Source last updated: Aug 12, 2025. Consult Congress.gov for the current record.
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Analyze H.R.4697 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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