On the recordJune 5, 2023
For closing. This bill passed our committee by a 41-to-0 vote. In passing H.R. 2608, Congress is making sure that smaller companies have scaled-down disclosure obligations in all instances rather than just the initial public offering. We apply the same standard to acquisitions and follow- on offerings. This is a commonsense reform. It reduces the burden on small companies and still provides investors with 2 years of audited financial statements. Mr. Speaker, I urge my colleagues to support this bill, and I yield back the balance of my time.
