S. 1831Senate112th Congress (2011-2013)In Committee

Access to Capital for Job Creators Act

Sponsored by John ThuneSen. John Thune (R-SD)
Introduced November 9, 2011

Legislative Activity

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3 earlier actions
SenateCommittee Latest Action

Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance and Investment. Hearings held. With printed Hearing: S.Hrg. 112-465.

December 14, 2011

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SenateIntro Referral

Introduced in Senate

November 9, 2011

SenateIntro Referral

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

November 9, 2011

SenateCommittee

Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-444.

December 1, 2011

SenateCommittee

Committee on Banking, Housing, and Urban Affairs Subcommittee on Securities, Insurance and Investment. Hearings held. With printed Hearing: S.Hrg. 112-465.

December 14, 2011

Floor Debate

21 members

What members said about S. 1831 on the floor

8 Republicans12 Democrats1 Independent
Olympia J. Snowe
Sen. Olympia J. SnoweR-ME · Mar 14, 2012

Mr. President, it has now been more than 890 days since the last long-term surface transportation bill, SAFETEA LU, expired. And what has Congress accomplished since September 30, 2009, when it comes…

Carl Levin
Sen. Carl LevinD-MI · Mar 14, 2012

Mr. President, we are long overdue to reauthorize our Nation's transportation programs. The last reauthorization, SAFETEA LU, expired in September 2009. Since then there have been seven short-term…

John D. Rockefeller IV
Sen. John D. Rockefeller IVD-WV · Mar 14, 2012

Mr. President, given that the Commerce, Science, and Transportation Committee was unable to mark up the National Rail System Preservation, Expansion, and Development Act of 2012 prior to floor…

Barbara Boxer
Sen. Barbara BoxerD-CA · Mar 14, 2012

I ask my friend to withdraw the request. First of all, Madam President, I ask unanimous consent to call up Boxer amendment No. 1816, and I ask the clerk report the amendment by number. Madam…

Jeff Merkley
Sen. Jeff MerkleyD-OR · Mar 14, 2012

Madam President, I ask unanimous consent to speak as in morning business for up to 10 minutes. Madam President, I am rising to speak about the Senate's constitutional duty of advice and consent on…

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Rand Paul
Sen. Rand PaulR-KY · Mar 14, 2012

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. I ask unanimous consent to call up amendment No. 1556. I ask unanimous consent that reading of the amendment be…

Max Baucus
Sen. Max BaucusD-MT · Mar 14, 2012

Mr. President, I rise today to support our contract with rural America for decent roads and explain an amendment the Senate adopted last Thursday. Counties lose local tax revenue due to large Federal…

Joseph I. Lieberman
Sen. Joseph I. LiebermanD-CT · Mar 14, 2012

Mr. President, I come to the floor to express my opposition to the Roberts amendment No. 1826, which, among other provisions, would have opened the Arctic National Wildlife Refuge for drilling. I…

Kirsten E. Gillibrand
Sen. Kirsten E. GillibrandD-NY · Mar 14, 2012

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. Mr. President, I ask unanimous consent to speak as in morning business for such time as I may consume. Mr.…

Kay Bailey Hutchison
Sen. Kay Bailey HutchisonR-TX · Mar 14, 2012

Madam President, I ask unanimous consent the order for the quorum call be rescinded. Madam President, I am not going to call up my amendment that would limit the tolling federal highways, and limit…

Harry Reid
Sen. Harry ReidD-NV · Mar 14, 2012

Mr. President, I will take just a minute to talk about the bill we are going to vote final passage on in just a few minutes. I cannot say it enough--I have said it a lot, I will continue to say it--…

Thomas R. Carper
Sen. Thomas R. CarperD-DE · Mar 14, 2012

Madam President, before I say anything, I would like to extend a heartfelt thanks to Senator Boxer, Senator Inhofe and to members of our staff and your staff for their hard work. This is good stuff.…

Robert P. Casey Jr.
Sen. Robert P. Casey Jr.D-PA · Mar 14, 2012

Mr. President, I rise to state my strong support for this important legislation. In particular, I am pleased that the legislation corrects an arbitrary requirement by the Federal Railroad…

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Marco Rubio
Sen. Marco RubioR-FL · Mar 14, 2012

Today, I voted against final passage of the Transportation bill that was considered in the Senate. While modernizing America's infrastructure is an important goal that government can play a role in…

John McCain
Sen. John McCainR-AZ · Mar 14, 2012

Mr. President, I voted for the Roberts amendment No. 1826 because we cannot make perfect the enemy of the good. Approving the Keystone XL pipeline and increasing access to the Outer Continental Shelf…

Bernard Sanders
Sen. Bernard SandersI-VT · Mar 14, 2012

Madam President, I ask unanimous consent to engage in a colloquy with the chair of the Environment and Public Works Committee, Senator Boxer. Madam President, I wish to congratulate Chairman Boxer…

Jon Kyl
Sen. Jon KylR-AZ · Mar 14, 2012

The following Senators are necessarily absent: the Senator from Utah (Mr. Hatch), the Senator from Idaho (Mr. Crapo), and the Senator from Illinois (Mr. Kirk). Further, if present and voting, the…

James M. Inhofe
Sen. James M. InhofeR-OK · Mar 14, 2012

Mr. President, first of all, I will make this very brief. I appreciate the comments of the majority leader. It was not necessary, but it is very meaningful to me personally. Also, about Senator…

Mitch McConnell
Sen. Mitch McConnellR-KY · Mar 14, 2012

Mr. President, I associate myself with the excellent remarks of the majority leader about Senator Boxer and Senator Inhofe. They have worked together in a collegial way to bring us to this point on…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · Mar 14, 2012

Mr. President, I have had very friendly conversations with Senator Reid and Senator McConnell during the past couple of days. Having served with both of them for a long time, I know that when an…

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Mar 14, 2012

I announce that the Senator from New Jersey (Mr. Lautenberg) is necessarily absent.

Bill Text

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Introduced in SenateIssued November 9, 2011

II

112th CONGRESS

1st Session

S. 1831

IN THE SENATE OF THE UNITED STATES

November 9, 2011

Mr. Thune introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To direct the Securities and Exchange Commission to eliminate the prohibition against general solicitation as a requirement for a certain exemption under Regulation D.

1.

Short title

This Act may be cited as the Access to Capital for Job Creators Act.

2.

Modification of exemption

(a)

Removal of restriction

Section 4(2) of the Securities Act of 1933 (15 U.S.C. 77d(2)) is amended by inserting before the period at the end the following: , whether or not such transactions involve general solicitation or general advertising.

(b)

Modification of rules

Not later than 90 days after the date of enactment of this Act, the Securities and Exchange Commission shall revise its rules issued in section 230.506 of title 17, Code of Federal Regulations, to provide that the prohibition against general solicitation or general advertising contained in section 230.502(c) of such title shall not apply to offers and sales of securities made pursuant to section 230.506, provided that all purchasers of the securities are accredited investors. Such rules shall require the issuer to take reasonable steps to verify that purchasers of the securities are accredited investors, using such methods as determined by the Commission.