Omnibus Small Business Capital Formation Act of 1980

Summary

Omnibus Small Business Capital Formation Act of 1980 - Directs the Securities and Exchange Commission, in consultation with the Small Business Administration, to analyze and make public information regarding the capital formation and the problems and costs involved with new, small, medium-sized, and independent businesses. Directs the Commission to conduct an annual Government-business forum to review problems and programs relating to small business capital formation. Authorizes appropriations for the Commission to carry out the provisions of this Act for fiscal years 1981-1985. Amends the Securities Act of 1933 to authorize the Commission to cooperate with State securities regulatory associations to effectuate greater uniformity in Federal-State securities matters. Directs the Commission to conduct an annual conference regarding such purpose. Directs the Commission to identify and reduce the costs of raising capital by small companies with aggregate outstanding securities and other indebtedness of not more than $25,000,000. Limits the liability of an attorney, accountant, or other independent professional for an act or omission in the course of performing services for a small business' public securities offering.

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1 official file

• Introduced in Senate

  summary · EN · 28 May 1980

  Open at official source

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