CITE

    15 USC Sec. 80c-3                                           01/05/2009

EXPCITE

    TITLE 15 - COMMERCE AND TRADE
    CHAPTER 2E - OMNIBUS SMALL BUSINESS CAPITAL FORMATION

HEAD

    Sec. 80c-3. Reduction of costs of small securities issues

STATUTE

      (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.

SOURCE

    (Pub. L. 96-477, title V, Sec. 506, Oct. 21, 1980, 94 Stat. 2293.)