ACCESS Rural America Act

This bill would change federal securities law so that certain rural telephone companies that provide broadband internet service would not have to register their stock with the Securities and Exchange Commission. To qualify, the company and its affiliates must have no more than 100,000 broadband subscribers in the United States, and its stock must be held by more than 500 non-accredited investors but fewer than 2,000 people in total. Each year, within 120 days after its fiscal year ends, the company would have to file a financial summary with the Commission and send it to each shareholder. The summary would include balance sheet and income information, broadband subscriber data, and other financial information the Commission requires.

Full text and official record on Congress.gov

Sponsors

• Tammy Baldwin Democrat sponsor
• 1 cosponsors