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Small Cap Liquidity Reform Act of 2013
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The Small Cap Liquidity Reform Act of 2013 (H.R. 3448) was a bill that was intended to increase the liquidity on the stock market of stocks belonging to emerging growth companies.[1] It would allow small companies to choose a tick size of $0.05 or $0.10 instead of the standard $0.01.[1][2] To participate, companies would need to have stock prices of over $1.00 and revenues of less than $750 million.[3]
Quick Facts Long title, Announced in ...
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Long title | To amend the Securities Exchange Act of 1934 to provide for an optional pilot program allowing certain emerging growth companies to increase the tick sizes of their stocks. |
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Announced in | the 113th United States Congress |
Sponsored by | Rep. Sean P. Duffy (R, WI-7) |
Number of co-sponsors | 1 |
Codification | |
Acts affected | Securities Exchange Act of 1934 |
U.S.C. sections affected | 15 U.S.C. § 78k–1 |
Agencies affected | United States Congress, U.S. Securities and Exchange Commission |
Legislative history | |
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It was introduced into the United States House of Representatives during the 113th United States Congress.[2]