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15 U.S.C. § 80c–3 — Reduction of costs of small securities issues

Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section80c-1&num=0&edition=prelim).

Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 80c–3

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Stable record: federal_law:legal_authorities:record_usc_dfc524ec63506b10b48cf06f
Source file: Laws/federal/codes/united-states-code/title-15/section-80c3-reduction-of-costs-of-small-securities-issues--f850d1128f.md
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Source location: Title 15, Chapter 2E, § 80c–3; chapter-2e-omnibus-small-business-capital-formation.md

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**(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](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section80c-1&num=0&edition=prelim).

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 80c — Liaison between Securities and Exchange Commission and Small Business Administration

**(a) Studies on needs, problems, and costs of businesses; availability** The Securities and Exchange Commission shall gather, analyze, and make available to the public, information with respect to the capital formation needs, and the problems and costs involved with new, small, medium-sized, and independent businesses. **(b) Availability of studies to Small Business Administration** The Commission shall make the results of such studies available to the Small Business Administration and otherwise have regular communication and liaison with such Administration in these matters.

Source: Supplied U.S. Code snapshot — release unconfirmed · 15 U.S.C. § 80c

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