Could the SEC Help Small Business?

Could the SEC Help Small Business?

H.R. 1312 could enlarge the SEC’s purview to small businesses

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Greetings, fellow Resistbotters! One issue being considered by Congress this week is House Bill 1312 — the Small Business Capital Formation Enhancement Act, sponsored by Representatives Bruce Poliquin (R-ME) and Juan Vargas (D-CA). This bill passed the House last year, but was never considered by the Senate.

The bill requires the SEC to review recommendations from a joint government/business forum that focuses on the ways small businesses gain access to the capital they need. The SEC would be required to review the recommendations and issue a public statement to disclose any actions it intends to take.

How does this affect you?

  • This bill does one thing — requires the SEC to review recommendations from a government-industry forum and release an assessment of ways to help small business grow and to fuel economic growth.
  • This bill does not require the SEC to act on these recommendations.
  • The bill does force attention to small business and their needs — the tendency in the past has been for the SEC to address the needs of large corporations.

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Thanks for reading! Text RESIST to 50409 to tell your representatives what you think about this. Here’s what else is happening this week:

The GOP is Trying Again to Repeal the ACA

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