Collapse to view only § 80c-2. Authorization of appropriations
- § 80c. Liaison between Securities and Exchange Commission and Small Business Administration
- § 80c-1. Annual government-business forum on capital formation
- § 80c-2. Authorization of appropriations
- § 80c-3. Reduction of costs of small securities issues
§ 80c. Liaison between Securities and Exchange Commission and Small Business Administration
(a) Studies on needs, problems, and costs of businesses; availability
(b) Availability of studies to Small Business Administration
(Pub. L. 96–477, title V, § 502, Oct. 21, 1980, 94 Stat. 2292.)
§ 80c–1. Annual government-business forum on capital formation
(a) Responsibility of Securities and Exchange Commission
(b) Participation in forum planning
(c) Preparation of statements and reports
(d) Transmittal of proceedings and findings
(e) Review of findings and recommendationsThe Commission shall—
(1) review the findings and recommendations of the forum; and
(2) each time the forum submits a finding or recommendation to the Commission, promptly issue a public statement—
(A) assessing the finding or recommendation of the forum; and
(B) disclosing the action, if any, the Commission intends to take with respect to the finding or recommendation.
(Pub. L. 96–477, title V, § 503, Oct. 21, 1980, 94 Stat. 2292; Pub. L. 114–284, § 2(c), Dec. 16, 2016, 130 Stat. 1452; Pub. L. 115–174, title V, § 503, May 24, 2018, 132 Stat. 1362.)
§ 80c–2. Authorization of appropriations
For fiscal year 1982, and for each of the three succeeding fiscal years, there are hereby authorized to be appropriated such amounts as may be necessary and appropriate to carry out the provisions and purposes of this chapter. Any sums so appropriated shall remain available until expended.
(Pub. L. 96–477, title V, § 504, Oct. 21, 1980, 94 Stat. 2292.)
§ 80c–3. Reduction of costs of small securities issues
(a) The Securities and Exchange Commission shall use its best efforts to identify and reduce the costs of raising capital in connection with the issuance of securities by firms whose aggregate outstanding securities and other indebtedness have a market value of $25,000,000 or less, through such means as studies, giving appropriate publicity to improved technology developments in fields such as printing, communications, and filing, and giving special attention to the effect of existing and proposed regulatory changes upon the small companies wishing to raise capital and independent broker-dealers which are in a key position with respect to the costs of underwriting and making markets in the securities of smaller companies.
(b) The Commission shall report on these efforts at the annual Government-business forum required by section 80c–1 of this title.
(Pub. L. 96–477, title V, § 506, Oct. 21, 1980, 94 Stat. 2293.)