A bill to amend the Trust Indenture Act of 1939 to make the small offering exemption under section 3(a)(8) of such Act consistent with the small offering exemption under the Securities Act of 1933, to increase the amount of the small offering exemption under section 3(a)(9) of the Trust Indenture Act of 1939, and for other purposes.

Summary

Amends the Trust Indenture Act of 1939 to make the small offerings exemption from registration of securities not issued under an indenture consistent with the same exemption under the Securities Act of 1933. Increases the small offerings exemption from registration of securities issued under an indenture from $1,000,000 to $10,000,000 (or a lesser amount as the Securities and Exchange Commission may establish).

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1 official file

• Introduced in House

  summary · EN · 5 June 1980

  Open at official source

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