Section 1 Short title
This Act may be cited as the “Accelerating Access to Capital Act of 2017”.
Accelerating Access to Capital Act of 2017
A BILL
To direct the Securities and Exchange Commission to revise Form S–3 so as to add listing and registration of a class of common equity securities on a national securities exchange as an additional basis for satisfying the requirements of General Instruction I.B.1. of such form and to remove such listing and registration as a requirement of General Instruction I.B.6. of such form.
Sec. 2 Expanded eligibility for use of Form S–3
Not later than 45 days after the date of the enactment of this Act, the Securities and Exchange Commission shall revise Form S–3—
so as to permit securities to be registered pursuant to General Instruction I.B.1. of such form provided that either—
the aggregate market value of the voting and non-voting common equity held by non-affiliates of the registrant is $75,000,000 or more; or
the registrant has at least one class of common equity securities listed and registered on a national securities exchange; and
so as to remove the requirement of paragraph (c) from General Instruction I.B.6. of such form.