§ 80c-3. — Reduction of costs of small securities issues.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC80c-3]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2E--OMNIBUS SMALL BUSINESS CAPITAL FORMATION
Sec. 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, Sec. 506, Oct. 21, 1980, 94 Stat. 2293.)
