Page:United States Statutes at Large Volume 94 Part 2.djvu/1013

 PUBLIC LAW 96-477—OCT. 21, 1980

94 STAT. 2291

TITLE III—AMENDMENTS TO OTHER FEDERAL SECURITIES LAWS SMALL OFFERING INCREASE

SEC. 301. Section 3(b) of the Securities Act of 1933 (15 U.S.C. 77c(b)) is amended by striking out "$2,000,000" and inserting in lieu thereof "$5,000,000". AMENDMENTS TO THE TRUST INDENTURE ACT OF 1939

SEC. 302. (a) Section 304(a)(8) of the Trust Indenture Act of 1939 (15 U.S.C. 77ddd(a)(88)) is amended by striking out "more than $250,000 aggregate principal amount of any securities of the same issuer" and inserting in lieu thereof the following: "an aggregate principal amount of securities of the same issuer greater than the figure stated in section SQo) of the Securities Act of 1933 limiting exemptions Supm. thereunder, or sucfi lesser amount as the Commission may establish by its rules and regulations". (b) Section 304(a)(9) of the Trust Indenture Act of 1939 (15 U.S.C. 77ddd(a)(9)) is amended— (1) by striking out "$1,000,000 or less" and inserting in lieu thereof "$10,000,000, or such lesser amount as the Commission may establish by its rules and regulations"; (2) by striking out "more than $1,000,000" and inserting in lieu thereof "more than $10,000,000"; and (3) by inserting immediately before the semicolon at the end thereof the following:", or such lesser amount as the Commission may establish by its rules and regulations". TITLE IV—AUTHORIZATION SEC. 401. Section 35 of the Securities Exchange Act of 1934 (15 U.S.C. 78kk) is amended— (1) in the first sentence thereof, by striking out "and" immediately after "1979,"; (2) by inserting immediately before the period at the end of the first sentence thereof the following: ", $85,500,000 for the fiscal year ending September 30, 1981, $96,640,000 for the fiscal year ending September 30, 1982, and $106,610,000 for the fiscal year ending September 30, 1983"; and (3) in the last sentence thereof, by striking out "fiscal year 1980" and inserting in lieu thereof "fiscal year 1983". TITLE V—CAPITAL FORMATION

Omnibus Small Business Capital Formation Act of

SHORT TITLE AND TABLE OF CONTENTS

1980.

SEC. 501. This title may be cited as the "Omnibus Small Business is use 80c note. Capital Formation Act of 1980". TABLE OF CONTENTS Sec. 501. Short title and table of contents. Sec. 502. Liaison between Securities and Exchange Commission and Small Business Administration. Sec. 503. Annual government-business forum on capital formation. Sec. 504. Additional funds authorized for the Securities and Exchange Commission. Sec. 505. Federal-State cooperation in securities matters for the benefit of small business. Sec. 506. Reduction of costs of small securities issues. Sec. 507. Effective date.

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