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S. 577Senate119th Congress (2025-2027)In Committee

Expanding Access to Capital for Rural Job Creators Act

Sponsored by John KennedySen. John Kennedy (R-LA)
Introduced February 13, 2025

AI-Generated Summary

Updated November 24, 2025 at 2:43 AM UTC

The Expanding Access to Capital for Rural Job Creators Act changes the Securities Exchange Act of 1934 to specifically include rural‑area small businesses in provisions that currently target women‑owned small businesses. By inserting this new category, the bill aims to make it easier for small businesses located in rural areas to obtain financing. The changes affect any rural‑area small business that seeks capital under the SEC’s rules referenced in Section 4(j).

Key Provisions

  • Amends Section 4(j) of the Securities Exchange Act to add “rural‑area small businesses” to the list of entities that may receive special access to capital under paragraph (4)(C).
  • Amends the same section to add “rural‑area small businesses” to the list of entities covered under paragraph (6)(B)(iii).

Legislative Activity

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SenateIntro Referral Latest Action

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

Banking, Housing, and Urban Affairs Committee

February 13, 2025

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SenateIntro Referral

Introduced in Senate

February 13, 2025

SenateIntro Referral

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

Banking, Housing, and Urban Affairs Committee

February 13, 2025

Bill Text

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Introduced in SenateIssued February 13, 2025

II

119th CONGRESS

1st Session

S. 577

IN THE SENATE OF THE UNITED STATES

February 13, 2025

Mr. Kennedy (for himself, Mrs. Capito, Mr. Peters, and Mr. Warnock) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

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,.