Section 1 Short title
This Act may be cited as the “More Job Opportunities and Business Startups for Rural Areas Act” or the “More JOBS for Rural Areas Act”.
More Job Opportunities and Business Startups for Rural Areas Act
A BILL
To amend the Investment Company Act of 1940 to require a report on improving access to capital in rural areas for small businesses and qualifying venture capital funds.
Sec. 2 SEC report improving access to capital in rural areas
The Securities and Exchange Commission shall issue a report on improving access to capital in rural areas, including—
best practices to improve investor base and small businesses seeking access to capital;
recommendations for technological advances for communications between investors and small businesses;
improving increased awareness for rural area small businesses about venture capitalists funding opportunities;
recommendations to small businesses to learn about diverse forms of capital to create innovation and jobs in rural areas; and
assessment on factors currently inhibiting access to capital in rural areas and recommendations to expand access.
Sec. 3 Sunset provision
This report shall be issued to the committees of jurisdiction one year after enactment and shall be a one-time report.