House Passes Bipartisan Bills to Help Companies Attract Investors

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Washington, November 1, 2017 | comments
Our bill will make significant changes to the securities laws to reduce the risk that companies face when they go public, and ensure that the everyday investor has access to the opportunities that help Americans who save see their money grow.
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WASHINGTON, DC -- Today, the House passed the Encouraging Public Offerings Act by a vote of 419 to 0. The legislation, introduced by US Representative Ted Budd (R-NC) and Gregory W. Meeks (D-NY), would expand the JOBS Act, allowing companies to submit confidential “draft” registration documents to the Securities and Exchange Commission in advance of their IPO date, test the waters, and use confidential registration for follow-on offerings.  

“The financial markets connect money to ideas, money needed develop those ideas into products and services that we all use. Our country has the same number of public companies today as in the 1980s, when the economy was much smaller.  There are a number of reasons for that, but one of them is that the process of going public has become more and more difficult.

Our bill will make significant changes to the securities laws to reduce the risk that companies face when they go public, and ensure that the everyday investor has access to the opportunities that help Americans who save see their money grow.”  
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Tags: Congress

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