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Patrick McHenry

United States · Official source

Records

1,609 records where Patrick McHenry is listed as a sponsor, author, or other actor. Search with topics and years

Bill· HRH.R. 10262 (118th)referred

AI Act of 2024

United States · United States Congress · 26 November 2024

Bill· HJRESH.J.Res. 163 (118th)reported

Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Environmental Protection Agency relating to "New Source Performance Standards for Greenhouse Gas Emissions From New, Modified, and Reconstructed Fossil Fuel-Fired Electric Generating Units; Emission Guidelines for Greenhouse Gas Emissions From Existing Fossil Fuel-Fired Electric Generating Units; and Repeal of the Affordable Clean Energy Rule".

United States · United States Congress · 5 June 2024

Bill· HRH.R. 8369 (118th)open

Israel Security Assistance Support Act

United States · United States Congress · 14 May 2024

Israel Security Assistance Support Act This bill specifies that no federal funds may be used to withhold, halt, reverse, or cancel the delivery of defense articles or defense services to Israel. Also, no funds may be used to pay the salary of any Department of Defense (DOD) or Department of State employee who acts to limit defense deliveries to Israel. Additionally, DOD and the State Department shall ensure prompt delivery of all defense articles and services expected to be delivered to Israel in FY2024 and FY2025. Unobligated funds for operation and maintenance for the Office of the Secretary of Defense, diplomatic programs for the Office of the Secretary of State, and the National Security Council may not be spent until each office certifies to Congress that any withheld defense articles or services are delivered to Israel. DOD and the State Department must obligate any remaining funds for assistance to Israel. DOD and the State Department must periodically report to Congress on defense articles and services provided to Israel.

Resolution· HRESH.Res. 1226 (118th)referred

Resolution memorializing law enforcement officers killed in the line of duty.

United States · United States Congress · 14 May 2024

This resolution expresses support for police officers and other law enforcement personnel. The resolution further expresses condolences and appreciation to the loved ones of each law enforcement officer who has made the ultimate sacrifice in the line of duty.

Bill· HRH.R. 7440 (118th)open

Financial Services Innovation Act of 2024

United States · United States Congress · 23 February 2024

Financial Services Innovation Act of 2024 This bill addresses the regulation of financial products and services. Specifically, the bill allows persons intending to offer a financial innovation to petition specified financial regulatory agencies regarding existing areas of regulation. A petitioner may request a modification or waiver of an agency regulation. The bill sets forth requirements regarding the petition process, a safe harbor for petitioners from enforcement, and enforceable compliance agreements. Agencies must biannually publish a list of financial regulatory areas the agency would consider modifying or waiving through the petition process. The bill also establishes Financial Services Innovation Offices at these agencies to assist petitioners. These offices must also generally support the development of financial innovations and coordinate with other offices to share data.

Law· HRH.R. 7218 (118th)enacted

BOLD Infrastructure for Alzheimer's Reauthorization Act of 2024

United States · United States Congress · 5 February 2024

BOLD Infrastructure for Alzheimer's Reauthorization Act of 2024 This bill reauthorizes through FY2029 several programs that are administered by the Department of Health and Human Services to support research and resources related to Alzheimer's disease and related dementias. Specifically, the bill reauthorizes (1) cooperative agreements with state, local, and tribal health departments to address Alzheimer's disease and related dementias through education, early detection, caregiver support, and other avenues; (2) regional centers that raise awareness and support research regarding these conditions; and (3) data collection on the incidence and prevalence of these conditions.

Resolution· HRESH.Res. 985 (118th)referred

Supporting the contributions of Catholic schools in the United States and celebrating the 50th annual "National Catholic Schools Week".

United States · United States Congress · 30 January 2024

This resolution supports the goals of National Catholic Schools Week, an event cosponsored by the National Catholic Educational Association and the U.S. Conference of Catholic Bishops and established to recognize the contributions of Catholic elementary and secondary schools in the United States.

Resolution· HRESH.Res. 955 (118th)referred

Commending Taiwan for its history of democratic elections, and expressing support of Taiwan in the preservation of its democratic institutions.

United States · United States Congress · 10 January 2024

This resolution commends Taiwan for its example of self-governance and regards Taiwan's democracy as a great strategic strength for the free world. The resolution also expresses concern about Chinese interference in Taiwan's 2024 elections and expresses commitment to continuing a strong partnership with Taiwan, regardless of the outcome of the elections.

Resolution· HRESH.Res. 771 (118th)passed

Standing with Israel as it defends itself against the barbaric war launched by Hamas and other terrorists.

United States · United States Congress · 11 October 2023

This resolution states that the House of Representatives stands with Israel as it defends itself against the barbaric war launched by Hamas and other terrorists, reaffirms Israel's right to self-defense, and condemns Hamas' brutal war against Israel. The resolution also reaffirms the United States' commitment to Israel's security, supports emergency resupply and certain other types of assistance to Israel, and urges full enforcement of sanctions against Iran to prevent Iran's funding of terrorist groups.

Bill· HRH.R. 5241 (118th)referred

To amend the Internal Revenue Code of 1986 to provide that governmental pension plans may include certain firefighters, emergency medical technicians, and paramedics, and for other purposes.

United States · United States Congress · 18 August 2023

This bill expands tax-exempt governmental pension plans to include plans maintained by a tax-exempt public safety agency all of whose employees are emergency response providers performing firefighting services or out-of-hospital emergency medical services.

Law· HRH.R. 5110 (118th)enacted

Protecting Hunting Heritage and Education Act

United States · United States Congress · 1 August 2023

Protecting Hunting Heritage and Education Act This bill authorizes the use of federal elementary and secondary education funds to purchase or use dangerous weapons for purposes of training students in archery, hunting, or other shooting sports. Current law prohibits the use of these funds to provide any person with a dangerous weapon or training in the use of a dangerous weapon. The bill specifies that this prohibition shall not apply to training students in archery, hunting, or other shooting sports.

Bill· HRH.R. 4763 (118th)referred

Financial Innovation and Technology for the 21st Century Act

United States · United States Congress · 20 July 2023

Financial Innovation and Technology for the 21st Century Act This bill establishes a regulatory framework for digital assets. The Commodity Futures Trading Commission (CFTC) must regulate a digital asset as a commodity if the blockchain, or digital ledger, on which it runs is functional and decentralized. The bill classifies a blockchain as decentralized if, among other requirements, no person has unilateral authority to control the blockchain or its usage, and no issuer or affiliated person has control of 20% or more of the digital asset or the voting power of the digital asset. In addition, the bill provides the CFTC with exclusive regulatory authority over cash or spot markets for digital commodities. The Securities and Exchange Commission (SEC) must regulate a digital asset as a security if its associated blockchain is functional but not decentralized. However, the bill establishes certain exceptions to SEC regulation for digital assets that limit annual sales, restrict nonaccredited investor access, and satisfy disclosure and compliance requirements. The bill also sets forth requirements for primary and secondary market transactions. The CFTC and SEC must jointly issue rules to define terms and exempt dually registered exchanges from duplicative rules. The bill excludes permitted stablecoins from CFTC and SEC regulation, except regarding anti-fraud authority and specified transactions on registered entities.

Bill· HRH.R. 4766 (118th)open

Clarity for Payment Stablecoins Act of 2023

United States · United States Congress · 20 July 2023

Clarity for Payment Stablecoins Act of 2023 This bill establishes a regulatory framework for payment stablecoins (digital assets which an issuer must redeem for a fixed monetary value). Only permitted issuers are allowed to issue a payment stablecoin for use by U.S. persons. Permitted issuers must be a subsidiary of an insured depository institution, a federal-qualified nonbank payment stablecoin issuer, or a state-qualified payment stablecoin issuer. In general, permitted issuers must be regulated by the appropriate federal regulator, however, state-qualified issuers must be regulated by an appropriate state regulator. Permitted issuers must maintain reserves backing the stablecoin on a one-to-one basis using assets as outlined by the bill, such as U.S. coins and currency or other assets regulators determine appropriate. Permitted issuers must also publicly disclose their redemption policy, establish redemption procedures, and publish on their website every month the details of the issuer's reserves. The bill sets forth requirements for (1) the rehypothecation, or reusing, of such reserves; (2) providing custodial or safekeeping services for stablecoins or private keys; and (3) supervisory, examination, and enforcement authority over non-state qualified issuers. In addition, the bill places a two-year moratorium on new endogenously collateralized stablecoins (i.e., stablecoins that rely on the value of another digital asset created or maintained by the same originator to maintain the fixed price). Under the bill, permitted payment stablecoins are not considered securities under securities law.

Bill· HRH.R. 4563 (118th)open

ACE Act

United States · United States Congress · 11 July 2023

American Confidence in Elections Act or the ACE Act This bill addresses election administration and security, campaign finance, and other related provisions. Specifically, the bill directs the Election Assistance Commission's (EAC's) Standards Board and Local Leadership Council to issue voluntary considerations for states about various aspects of election administration. Additionally, the bill  reduces certain election assistance payments for states and local jurisdictions that allow noncitizens to vote; requires states to provide designated congressional election observers with full access to observe the administration procedures of federal elections; prohibits federal agencies from using funds made available for salaries and expenses to solicit or enter into agreements with nongovernmental organizations to conduct voter registration or voter mobilization activities on the agency's property or website;   prohibits federal funds for election administration for states that allow ballot harvesting, with exceptions; establishes various requirements for elections in the District of Columbia; makes various changes to the EAC; and prohibits foreign nationals from making contributions or donations in connection with state or local ballot initiatives or referenda. The bill also establishes the Twentieth Amendment Section Four Panel, which must recommend to Congress model legislation to resolve any vacancy created by the death of a candidate in a contingent presidential or vice-presidential election. The bill makes changes to campaign finance, including by (1) repealing limits on coordinated party expenditures, and (2) prohibiting federal funds from being used to make payments in support of a congressional election campaign. It also makes changes to the Federal Election Commission.

Bill· HRH.R. 4438 (118th)referred

John W. Walsh Alpha-1 Home Infusion Act of 2023

United States · United States Congress · 30 June 2023

John W. Walsh Alpha-1 Home Infusion Act of 2023 This bill provides for Medicare coverage of treatment for alpha-1 antitrypsin (AAT) deficiency (a protein deficiency that raises the risk of lung and other diseases). Specifically, the bill provides for coverage of at-home augmentation therapy for beneficiaries with emphysema as a result of severe hereditary AAT deficiency. Treatment must be provided through qualified home infusion therapy suppliers; beneficiaries must be under the care of a physician, nurse practitioner, or physician assistant.

Bill· HRH.R. 4148 (118th)referred

Import Security and Fairness Act

United States · United States Congress · 15 June 2023

Import Security and Fairness Act This bill excludes imported articles from nonmarket economy countries or countries on the priority watch list from receiving de minimis treatment. De minimis treatment allows imported articles valued under $800 to enter the United States without paying duties or taxes. The bill also directs U.S. Customs and Border Protection to collect additional information on merchandise that may qualify for de minimis treatment.

Bill· HRH.R. 4167 (118th)open

Protecting America’s Distribution Transformer Supply Chain Act

United States · United States Congress · 15 June 2023

Protecting America's Distribution Transformer Supply Chain Act This bill prohibits the Department of Energy (DOE) from revising existing energy conservation standards for distribution transformers in electric power systems for the next five years. During that time, DOE may not propose, finalize, implement, administer, or enforce any rule under the Energy Policy and Conservation Act that establishes requirements that are different than the requirements for distribution transformers under the 2013 final rule titled Energy Conservation Program: Energy Conservation Standards for Distribution Transformer s.

Bill· HRH.R. 4035 (118th)referred

Protecting Small Business Information Act of 2023

United States · United States Congress · 12 June 2023

Protecting Small Business Information Act of 2023 This bill requires the Department of the Treasury to ensure all rules issued under the Corporate Transparency Act have the same effective date. Any final rules already issued must not take effect until all final rules under the act have been issued. The act requires companies to report beneficial ownership information (i.e., the identity of individuals behind a corporate entity) to the Financial Crimes Enforcement Network (FinCEN).

Bill· HRH.R. 4036 (118th)referred

Accountability through Confirmation Act

United States · United States Congress · 12 June 2023

Accountability through Confirmation Act This bill requires the Director of the Financial Crimes Enforcement Network to be appointed by the President and confirmed by the Senate, rather than appointed by the Secretary of the Treasury as under current law. The bill also provides for the director's compensation rate under the Executive Schedule.

Bill· HRH.R. 3792 (118th)referred

U.S.-Israel Partnership and Abraham Accords Enhancement Act of 2023

United States · United States Congress · 1 June 2023

U.S.-Israel Partnership and Abraham Accords Enhancement Act of 2023 This bill modifies and extends certain authorities related to Israel. For example, the bill  extends the authorization for the Department of Defense (DOD) to transfer certain defense items to Israel;  extends the authorization to finance cooperative projects among the United States, Israel, and developing countries related to water resources, agriculture, and energy storage;  extends energy cooperation and authorizes the Department of Energy to make grants to Israel to support advanced nuclear technologies, as well as for carbon capture, utilization, and storage;  requires the U.S. Agency for International Development to ensure that applicants from Abraham Accord countries are eligible for Middle East Regional Cooperation grants; and  requires the Department of State to report to Congress on U.S. diplomatic efforts to oppose politically motivated investigations against the United States and Israel at the International Criminal Court.

Bill· HRH.R. 3774 (118th)open

SHIP Act

United States · United States Congress · 31 May 2023

Stop Harboring Iranian Petroleum Act or the SHIP Act This bill requires the President to impose visa- and property-blocking sanctions against foreign persons that knowingly transport, process, refine, or otherwise deal in petroleum and petroleum products originating in Iran. These sanctions also extend to certain foreign persons associated with the sanctioned individual, such as adult family members and any entities owned or controlled by the sanctioned individual.

Law· HRH.R. 3746 (118th)enacted

Fiscal Responsibility Act of 2023

United States · United States Congress · 29 May 2023

Fiscal Responsibility Act of 2023 This bill increases the federal debt limit, establishes new discretionary spending limits, rescinds unobligated funds, and expands work requirements for federal programs. Specifically, the bill suspends the federal debt limit through January 1, 2025, and increases the limit on January 2, 2025, to accommodate the obligations issued during the suspension period. In addition, the bill establishes new discretionary spending limits for FY2024 and FY2025 that are enforced with sequestration (i.e., automatic spending cuts). It also changes the limits to 1% below the FY2023 base funding levels if a continuing resolution is in effect on or after January 1, 2024, or on or after January 1, 2025, because all 12 regular appropriations bills were not enacted by the end of the prior year. The bill also includes provisions that rescind certain unobligated funds that were provided to address COVID-19 and to the Internal Revenue Service; provide funding for the Department of Veterans Affairs Cost of War Toxic Exposure Fund; provide funding for the Department of Commerce Nonrecurring Expenses Fund; provide statutory authority through 2024 for the requirement for agencies that propose certain administrative actions that will increase direct spending to also propose at least one administrative action that will decrease direct spending by at least the same amount (commonly known as administrative pay-as-you-go rules); terminate the suspension of federal student loan payments; expand the work requirements for the Supplemental Nutrition Assistance Program (SNAP) and the Temporary Assistance for Needy Families (TANF) program; and expedite the permitting process for certain energy projects.

Bill· HRH.R. 3433 (118th)referred

Give Kids a Chance Act of 2024

United States · United States Congress · 17 May 2023

Give Kids a Chance Act of 2023 This bill authorizes certain targeted clinical trials involving combinations of drugs to treat pediatric cancer. Specifically, the bill modifies requirements relating to molecularly targeted pediatric cancer investigations so as to authorize investigations of new drugs that are used in combination with active ingredients that have already been approved and that (1) have been determined to be the standard of care for treating a pediatric cancer, or (2) have been approved to treat an adult cancer and are directed at molecular targets for pediatric cancer. The Food and Drug Administration must issue guidance and report on the bill's implementation. The Government Accountability Office must report on the effectiveness of the bill's changes with respect to the development of pediatric cancer drugs.

Resolution· HRESH.Res. 417 (118th)referred

Commending and congratulating North Carolina Central University's football team for winning the 2022 Historically Black Colleges and Universities National Football Championship in the 2022 Celebration Bowl.

United States · United States Congress · 17 May 2023

This resolution commends North Carolina Central University's football team for winning the 2022 Historically Black Colleges and Universities National Football Championship in the 2022 Celebration Bowl.

Bill· HRH.R. 3335 (118th)referred

To ensure the successful development of the electronic Income Verification Express Service of the Internal Revenue Service by amending the Taxpayer First Act to clarify that taxpayer identity verification is the responsibility of users of the system rather than the taxpayer, and for other purposes.

United States · United States Congress · 15 May 2023

This bill modifies provisions of the Taxpayer First Act relating to taxpayer identity verification (i.e., the electronic Income Verification Express Service) and disclosures of taxpayer information. The bill requires the Internal Revenue Service (IRS) to implement a program that insures that certain disclosures of taxpayer returns or return information are accomplished only after a financial institution or other relevant entity (other than the taxpayer) has formed a reasonable belief that the identity of the taxpayer has been authenticated. The bill requires the IRS to ensure that the taxpayer information disclosure program complies with specified security standards and guidelines, including those relating to security and confidentiality of taxpayer information. The bill prohibits the IRS from requiring a taxpayer seeking a disclosure of information to access any information technology system or service used by the IRS for any purpose relating to a disclosure, including identity verification or the provision of electronic consent. The IRS must provide for the disclosure of certain business tax return information, including information from schedule K-1 of forms 1065 and 1120.

Bill· HRH.R. 3238 (118th)referred

Affordable Housing Credit Improvement Act of 2023

United States · United States Congress · 11 May 2023

Affordable Housing Credit Improvement Act of 2023 This bill revises provisions of the low-income housing tax credit and renames it as the affordable housing tax credit . The bill increases the per capita dollar amount of the credit and its minimum ceiling amount beginning in 2023 and extends the inflation adjustment for such amounts. The bill modifies tenant income eligibility requirements and the average income formula for determining such income. It also revises rules for student occupancy of rental units and tenant voucher payments, and prohibits any refusal to rent to victims of domestic abuse. The bill further modifies the credit to increase state allocations of the credit; repeal the qualified census tract population cap; prohibit consideration of local approval and local government contribution requirements for housing projects; increase the credit for certain projects designated to serve extremely low-income households; increase the credit for certain bond-financed projects designated by state agencies; eliminate the basis reduction for properties that receive certain energy-related tax benefits; and increase the population cap for difficult development areas (i.e., areas with high construction, land, and utility costs relative to area median gross income). The bill also includes Indian and rural areas as difficult development areas and modifies other requirements relating to casualty losses, tax-exempt bond financing, and foreclosures.

Bill· HRH.R. 3152 (118th)referred

Fight CRIME Act

United States · United States Congress · 9 May 2023

Fight and Combat Rampant Iranian Missile Exports Act or the Fight CRIME Act This bill imposes sanctions pertaining to Iran's missile program. The President must impose visa- and property-blocking sanctions on foreign persons (i.e., foreign individuals, entities, and states) that are knowingly involved with Iran or Iran-aligned entities in certain missile-related activities, such as (1) acquiring, possessing, developing, transporting, transferring, or deploying missiles or related items and technology that are covered by the Missile Technology Control Regime (MTCR), or (2) developing missile or drone technologies. (The MTCR is an informal political understanding among states that seek to limit missile proliferation.) The President must also impose sanctions on (1) certain adult family members of those who are subject to the sanctions discussed above, and (2) foreign persons who knowingly provide significant support to or engage in a significant transaction with those subject to the sanctions discussed above. The bill also requires the Department of State to report to Congress on various topics, including (1) a diplomatic strategy to renew international restrictions on certain missile-related activities set forth in Annex B of U.N. Security Council Resolution 2231, which concerns restrictions on arms transfers to and from Iran; (2) the identities of foreign persons engaging in restricted activity under Annex B; and (3) an analysis of the foreign and domestic supply chains that facilitate Iran's missile or drone programs.

Resolution· HRESH.Res. 363 (118th)passed

Resolution memorializing law enforcement officers killed in the line of duty

United States · United States Congress · 5 May 2023

This resolution expresses support for recognizing National Police Week. The resolution further recognizes law enforcement officers across the United States in the pursuit of preserving safe and secure communities; the need to ensure that such officers have the equipment, training, and resources necessary to protect their health and safety while they are protecting the public; and the law enforcement community for acts of sacrifice and heroism. The resolution expresses condolences and appreciation to the loved ones of each law enforcement officer who has made the ultimate sacrifice in the line of duty.

Bill· HRH.R. 3090 (118th)referred

PAST Act of 2023

United States · United States Congress · 5 May 2023

Prevent All Soring Tactics Act of 2023 or the PAST Act of 2023 This bill addresses the practice of soring horses. The soring of horses includes various actions taken on horses' limbs to produce higher gaits that may cause pain, distress, inflammation, or lameness. Specifically, the bill expands soring regulation and enforcement at horse shows, exhibitions, sales, and auctions, including by establishing a new system for inspecting horses for soring. In addition, the bill increases penalties for violations.

Bill· HRH.R. 2811 (118th)open

Limit, Save, Grow Act of 2023

United States · United States Congress · 25 April 2023

Limit, Save, Grow Act of 2023 This bill increases the federal debt limit and decreases spending. It also repeals several energy tax credits, modifies the permitting process and other requirements for energy projects, expands work requirements for the Supplemental Nutrition Assistance Program (SNAP) and other programs, and nullifies regulations for the cancellation of federal student loan debt. Specifically, the bill suspends the debt limit through March 31, 2024, or until the debt increases by $1.5 trillion, whichever occurs first; establishes discretionary spending limits for FY2024-FY2033 that include decreases in discretionary spending; rescinds certain unobligated funds that were provided to address COVID-19 and to the Internal Revenue Service; nullifies certain executive actions and regulations for cancelling federal student loan debt and implementing an income-driven repayment plan for student loans; repeals or modifies tax credits for renewable and clean energy, energy efficient property, alternative fuels, and electric vehicles; establishes new work requirements for Medicaid and expands the work requirements for SNAP and the Temporary Assistance for Needy Families (TANF) program; and requires major federal rules (e.g., rules likely to result in an annual economic effect of at least $100 million) to be approved by Congress before they take effect. The bill also includes various provisions related to the development of energy resources such as oil, natural gas, and minerals. For example, the bill requires additional federal oil and gas leasing, reduces or eliminates certain royalties and fees, and expedites the permitting process for various energy projects.

Bill· HRH.R. 2799 (118th)referred

Expanding Access to Capital Act of 2023

United States · United States Congress · 24 April 2023

Expanding Access to Capital Act of 2023 This bill reduces various securities regulations applicable to certain companies, brokers, and advisors. The bill also allows more investors to invest in specified types of ventures. The bill reduces regulations, for example, by establishing an exemption to certain securities regulations for small offerings of securities. Specifically, under the bill, securities registration is not required for a sale of securities if the total amount of securities sold by the issuer during the preceding 12-month period does not exceed $250,000. The bill also allows certain issuers of securities regulated as emerging growth companies to continue operating under these regulations, including those related to reduced disclosures, for an additional period of time. It also raises the limit of total annual gross revenues under which issuers qualify as emerging growth companies to $1.5 billion. The bill allows more investment, for example, by raising the caps on the allowed capital and number of investors under which a fund may qualify as a venture capital fund. Venture capital funds are exempt from certain regulations applicable to other investment firms, including those related to filings, audits, and restricted communications with investors. The bill increases the caps from (1) $10 million to $150 million in capital contributions and commitments, and (2) 250 to 600 allowed investors. In addition, the bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities. Certain unregistered securities may only be offered to accredited investors.

Bill· HRH.R. 2773 (118th)referred

To amend the definition of an accredited investor to include individuals receiving advice from certain professionals, and for other purposes.

United States · United States Congress · 20 April 2023

This bill amends the definition of an accredited investor in the context of selling and purchasing securities to include those individuals receiving investment advice from a person with professional certifications, as determined by the Securities and Exchange Commission.

Bill· HRH.R. 2610 (118th)referred

To amend the Securities Exchange Act of 1934 to specify certain registration statement contents for emerging growth companies, to permit issuers to file draft registration statements with the Securities and Exchange Commission for confidential review, and for other purposes.

United States · United States Congress · 13 April 2023

This bill revises requirements related to registration statements submitted to the Securities and Exchange Commission (SEC). First, the bill requires an emerging growth company to submit profit and loss statements from the previous 2 years, rather than the previous 3 years as under current law. In addition, the bill allows an issuer of securities to submit a draft registration statement to the SEC for confidential review prior to a public filing.

Bill· HRH.R. 2608 (118th)referred

To amend the Federal securities laws to specify the periods for which financial statements are required to be provided by an emerging growth company, and for other purposes.

United States · United States Congress · 13 April 2023

This bill limits the financial information an emerging growth company must submit to the Securities and Exchange Commission. Specifically, an emerging growth company is not required to present a financial statement for any period prior to the earliest audited period of the emerging growth company in connection with its initial public offering, such as a statement for an acquired company.

Bill· HRH.R. 2609 (118th)referred

SEED Act of 2023

United States · United States Congress · 13 April 2023

Small Entrepreneurs' Empowerment and Development Act of 2023 or the SEED Act of 2023 This bill establishes an exemption to certain securities regulations for small offerings of securities. Specifically, securities registration is not required for a sale of securities if the total amount of securities sold by the issuer during the preceding 12-month period sale does not exceed $250,000. Furthermore, the Securities and Exchange Commission must issue rules under which an issuer is disqualified from offering securities through this exemption. These rules must disqualify any such offering or sale of securities by a person subject to specified regulatory disciplinary actions or convicted of certain felonies or misdemeanors.