S. 3242 aims to amend the Securities Exchange Act of 1934 to change the rules for when companies must register their securities with the Securities and Exchange Commission (SEC). This bill specifically targets companies that receive financial help through federal programs...
Simple Explanation
The ACCESS Rural America Act is like giving special rules to small companies in the countryside. These rules let them have up to 2,000 owners without doing as much paperwork, as long as their piggy bank isn't holding more than 10 million dollars.