Dan Primack, of Fortune's Term Sheet blog, reported on the bill and indicated that the change could "affect more than 3,000 companies currently listed on the NASDAQ and NYSE, with hopes that the wider 'ticks' would encourage coverage that has grown progressively sparse since 'decimalization' was introduced in 2001."
Felix Salmon of SeekingAlpha has mixed views on the Act. He points out moving to a quote in increments of $0.05 and $0.10 will be to the detriment of small investors and to the benefit of the brokerage houses. He also points out that there is no guarantee that the profits generated by the brokerage houses will be reinvested into deeper coverage of small-cap companies.
In my opinion. I think the bill is an interesting step to address one of the many issues confronting small-cap stocks. I don't believe this bill is a panacea, but it seems like it would encourage brokerages to undertake research on smaller public companies. This in turn could help pave the way for more, and more successful, initial public offerings of smaller companies.
Text of HR 1952: http://www.govtrack.us/congress/bills/113/hr1952/text
Rep. Schweikert's press release: http://schweikert.house.gov/press-releases/rep-schweikert-introduces-tick-size-bill/
Dan Primack's article: http://finance.fortune.cnn.com/2013/05/13/small-cap-stocks-decimalization/
Felix Salmon's article: http://seekingalpha.com/article/1443041-why-dedecimalization-is-a-bad-idea