House Panel Moves on Small Business Funding08.01.2017
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.
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.
SEC staff have been asked prepare new rule proposals for retail stock order handling and execution.
The first amendments to the CFTC's swap data reporting rules come into effect on December 5.
EFAMA said a real-time tape for equities with the inclusion of pre and post-trade data is needed.
Regulators will likely separate custody from other crypto exchange activities.
Final LIBOR publication would be end-September 2024.