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US HB4130
Bill
Status
Introduced
6/25/2025
Primary Sponsor
Andrew Garbarino
Click for details
AI Summary
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Amends Section 12(g)(1) of the Securities Exchange Act of 1934 to exclude qualified institutional buyers and institutional accredited investors from the count of security holders when determining mandatory SEC registration thresholds
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Allows companies to have more institutional investors without triggering the requirement to register their securities with the SEC
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Introduced by Rep. Garbarino on June 25, 2025, and reported with amendment from the House Financial Services Committee on February 25, 2026
Legislative Description
Small Business Relief Act
Finance and financial sector
Last Action
Placed on the Union Calendar, Calendar No. 450.
2/25/2026
Committee Referrals
Financial Services6/25/2025
Full Bill Text
No bill text available