U.S. Chamber of Commerce
The Small Business Capital Formation Enhancement Act H.R. 1312.
The U.S. Chamber of Commerce strongly supports H.R. 1312, the “Small Business Capital Formation Enhancement Act,” which would help encourage domestic economic growth.
H.R. 1312, the “Small Business Capital Formation Enhance Act,” would require that the Securities and Exchange Commission (SEC) review the findings and recommendations of the annual Government-Business Forum on Small Business Capital Formation, and disclose any action the SEC intends to take with each recommendation. The SEC has held this annual forum since 1982, but has routinely ignored many of the positive recommendations made by market participants. Requiring the SEC to at least take notice and be responsive to the recommendations each year would better help the agency fulfill its mandate to facilitate capital formation.
Passage of these bills would improve the ability of businesses to raise capital, contribute to stronger economic growth, and provide certainty for market participants.