H.R.4130

Small Business Relief Act modifies the Securities Exchange Act of 1934 to exclude certain institutional investors from the mandatory registration.

The Small Business Relief Act amends the Securities Exchange Act of 1934 to change how the mandatory registration threshold is calculated. Specifically, it excludes qualified institutional buyers and institutional accredited investors from the count of security holders. This change aims to provide relief to small businesses by potentially reducing the burden of mandatory registration. The bill does not apply the general exemptive authority to these amendments.