"Federal Securities and Exchange Commission registration and reporting requirements intended for larger, publicly traded firms pose significant challenges for, and can impose substantial burdens on, smaller, locally owned companies with limited resources," said Shirley Bloomfield, CEO of NTCA-The Rural Broadband Association. This underscores the need for regulatory adjustments to support rural telecommunications providers.
Senators Baldwin and Ernst's ACCESS Rural America Act allows smaller telecom providers to file simplified financial reports, sparing them from costly SEC public registration and reporting obligations.
"NTCA greatly appreciates the leadership of Senators Baldwin and Ernst in introducing and passing the ACCESS Rural America Act, which will help relieve these burdens and enable small providers to focus more on their core mission of deploying and operating advanced broadband networks in rural areas," Bloomfield stated.
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