S 1502
ACCESS Rural America Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill amends the Securities Exchange Act of 1934 to adjust the threshold for when a company receiving federal support for rural communications services must register with the Securities and Exchange Commission. Specifically, it raises the number of shareholders required to trigger registration from 2,000 to 1,250, but only for companies with over $10 million in assets that have received universal service support. The bill also creates a reporting requirement for companies meeting certain criteria to provide a financial summary to the SEC.
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