House vote: H.R. 2799 // March 8, 2024
Expanding Access to Capital Act of 2023
Sponsor: Patrick McHenry (R-NC)
This bill reduces various securities regulations for certain companies, brokers, and advisors. The bill also allows more investors to invest in specified types of ventures. DIVISION A--Strengthening Public Markets TITLE I--Remove Aberrations in the Market Cap Test for Target Company Financial Statements This title expands the information allowed to be included when calculating whether an acquisition or disposition of a subsidiary is significant for purposes of required financial disclosures by publicly traded companies.
Finance and Financial Sector Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 4.2% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 212 | 49.2% |
| Nay | Lost | 205 | 46.5% |
| Not represented on this question | No position taken | 0 | 4.2% |