Exemption from certain registration requirements for securities of rural telephone companies.

The bill amends the Securities Exchange Act of 1934 to exempt securities of rural telephone companies from certain registration requirements. This exemption applies if the issuer files a financial summary form with the Securities and Exchange Commission, delivers it to each holder of record, and meets specific criteria. These criteria include having no more than 100,000 subscribers of broadband internet access service and the security being held by more than 500 non-accredited investors but fewer than 2,000 persons.

Exemption from certain registration requirements for securities of rural telephone companies.

The bill amends the Securities Exchange Act of 1934 to exempt securities of rural telephone companies from certain registration requirements. This exemption applies if the issuer files a financial summary form with the Securities and Exchange Commission, delivers it to each holder of record, and meets specific criteria. These criteria include having no more than 100,000 subscribers of broadband internet access service and the security being held by more than 500 non-accredited investors but fewer than 2,000 persons.