Main Street Growth Act

[AI summary unavailable — showing source text] Main Street Growth Act This bill amends the Securities Exchange Act of 1934 to permit a national securities exchange, for itself or for one of its listing tiers, to elect treatment as a venture exchange by notifying the Securities and Exchange Commission (SEC) of such an election either at the time it applies for registration or after registering as a national securities exchange. Unless the SEC denies the registration application within six months after its receipt, the application shall be deemed to have received SEC approval. The bill subjects a venture exchange to certain restrictions, including that it may only constitute, maintain, or provide a market place or facilities for bringing together purchasers and sellers of venture securities. Venture securities are securities of: an early-stage, growth company exempt from registration under the Securities Act of 1933; and an emerging growth company. The bill exempts a venture exchange from specified National Market System and Alternative Trading System rules as well as requirements to submit data to a securities information processor or to use decimal pricing. The Securities Act of 1933 is amended to exempt venture securities from…