15 U.S.C. § 80c-3 : US Code - Section 80C-3: Reduction of costs of small securities issues

Search 15 U.S.C. § 80c-3 : US Code - Section 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.