H.R. 4168: Small Business Capital Formation Enhancement Act

By SBE Council at 29 January, 2016, 5:14 pm

UPDATE: The U.S. House passed H.R. 4168 by a vote of 390-1 on February 1. 

The Honorable Bruce Poliquin

U.S. House of Representatives

Washington, D.C. 20515

The Honorable Juan Vargas

U.S. House of Representatives

Washington, D.C. 20515

Dear Representatives Poliquin and Vargas:

The Small Business & Entrepreneurship Council (SBE Council) and our nationwide membership of more than 100,000 small business owners and entrepreneurs strongly support the Small Business Capital Formation Enhancement Act (H.R. 4168).

SBE Council and our members have been engaged in the SEC Government-Business Forum on Small Business Capital Formation for nearly fifteen years. Scores of common sense changes and reforms reached by consensus at these forums have not been acted upon, which is very frustrating. Many of these reforms are needed to improve capital formation for entrepreneurs, and to make smart changes to streamline compliance.

If the SEC is going to spend time and resources organizing this annual event and reporting on its outcome, it only makes sense that Commissioners make it a priority to act upon the recommendations that emerge from the forum. H.R. 4168 will require such action. Entrepreneurs, investors and experts take the time out of their schedules to prepare for, participate and provide input at the forum. The recommendations from the forum are serious, and well thought-out.

Thank you for your leadership on this issue, and your work to improve capital formation and access for entrepreneurs and small businesses.

Sincerely,

Karen Kerrigan, President & CEO