Regulation A-Plus Limited Public Offerings under Securities Act Section 3(b)(2)

Summary

This practice note discusses Regulation A-Plus, which is a moniker for the expanded Regulation A of the Securities Act of 1933, as amended (Securities Act). The maximum permitted offering amount of $75 million during a 12-month period, and a modernized regulatory structure, was established by U.S. Securities and Exchange Commission (SEC) rules pursuant to Section 3(b)(2) (15 U.S.C. § 77c) of the Securities Act, added by the Jumpstart Our Business Startups Act (the JOBS Act) (112 P.L. 106).