The House Financial Services Committee passed three bills out of committee recently — including one that aims to give small businesses more access to capital.
Was the JOBS Act not enough?
As reported first by thinkadvisor.com, H.R. 2864, the “Improving Access to Capital Act,” sponsored by Reps. Kyrsten Sinema, D-Arizona, and Trey Hollingsworth, R-Indiana, is designed to help small companies obtain more capital and give investors greater investment opportunities by allowing smaller reporting companies to raise capital from the public through a streamlined Securities and Exchange Commission review process.
To see H.R. 2864 in its entirety, please click here
The The JOBS Act was approved by Congress and the President in 2012. It included a number of initiatives intended to make it easier for venture-capital backed companies to go public. The Securities and Exchange Commission is still working through the legislation in order to promulgate rules.
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