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S. 294Senate118th Congress (2023-2025)Passed Senate

Expanding Access to Capital for Rural Job Creators Act

Sponsored by John KennedySen. John Kennedy (R-LA)
Introduced February 7, 2023

AI-Generated Summary

Updated January 20, 2026 at 3:13 AM UTC

The Expanding Access to Capital for Rural Job Creators Act amends the Securities Exchange Act of 1934 to specifically include rural‑area small businesses in certain capital‑access provisions. By adding these businesses alongside women‑owned small businesses, the bill aims to broaden financing opportunities for companies located in rural communities.

Key Provisions

  • Amends Section 4(j) paragraph (4)(C) of the Securities Exchange Act to insert “rural-area small businesses” after the reference to women‑owned small businesses.
  • Amends Section 4(j) paragraph (6)(B)(iii) to insert “rural-area small businesses” after the reference to women‑owned small businesses.

Legislative Activity

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6 earlier actions
HouseFloor Latest Action

Held at the desk.

September 12, 2023 • 2:18 PM

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SenateIntro Referral

Introduced in Senate

February 7, 2023

SenateIntro Referral

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

Banking, Housing, and Urban Affairs Committee

February 7, 2023

SenateCommittee

Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.

Banking, Housing, and Urban Affairs Committee

September 7, 2023

SenateFloor

Passed Senate without amendment by Unanimous Consent. (consideration: CR S4325-4326; text: CR S4325-4326)

September 7, 2023

SenateFloor

Message on Senate action sent to the House.

September 11, 2023

HouseFloor

Received in the House.

September 12, 2023 • 2:15 PM

HouseFloor

Held at the desk.

September 12, 2023 • 2:18 PM

Floor Debate

1 member

What members said about S. 294 on the floor

1 Democrat
Benjamin L. Cardin
Sen. Benjamin L. CardinD-MD · Sep 7, 2023

Mr. President, I ask unanimous consent that the Committee on Banking, Housing, and Urban Affairs be discharged from further consideration of S. 294, and the Senate proceed to its immediate…

Record

Bill Text

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Engrossed in SenateIssued September 7, 2023

118th CONGRESS

1st Session

S. 294

AN ACT

To amend the Securities Exchange Act of 1934 to expand access to capital for rural-area small businesses, and for other purposes.

1.

Short title

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

2.

Access to capital for rural-area small businesses

Section 4(j) of the Securities Exchange Act of 1934 (15 U.S.C. 78d(j)) is amended—

(1)

in paragraph (4)(C), by inserting rural-area small businesses, after women-owned small businesses,; and

(2)

in paragraph (6)(B)(iii), by inserting rural-area small businesses, after women-owned small businesses,.

Passed the Senate September 7, 2023.

Secretary