House Financial Services Committee Hearing on Capital Formation

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On December 2, 2015, the Financial Services Committee will hold a hearing to consider four bills related to capital formation.  These include, among others, HR 3784, which would amend the Exchange Act to establish an Office of the Advocate for Small Business Capital Formation and a Small Business Capital Formation Advisory Committee (see bill text), HR 3798, which would amend the Exchange Act to permit private persons to compel the Securities and Exchange Commission to seek legal or equitable remedies in a civil action, instead of an administrative proceeding, and the HALOS Act (Helping Angels Lead Our Startups Act), which would establish a definition of “general solicitation.”

The witness list and other details may be accessed here.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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