Political Quotes

“Access to capital is crucial to promoting a thriving U.S. economy. It allows companies to invest in growth and to develop new and innovative products and services. Historically, companies seeking a considerable amount of capital have preferred to use an initial public offering and have shares traded on a national securities exchange. However, the United States has experienced a 37 percent decline in the number of U.S. listed public companies, which is considerably lower than in the 1980s and 1990s. Public company compliance costs have grown sufficiently large that many smaller firms stay private rather than spend their profit overcoming these regulatory burdens. The Sarbanes-Oxley Act, the Dodd- Frank Act, and other legislative and regulatory actions have contributed to these costs. {time} 1415 Title I of the JOBS Act created a new category of issuers known as emerging growth companies, or EGCs. These issuers must have less than $1 billion in annual revenue or $700,000 million in public float when they register with the SEC. While the JOBS Act made it easier for companies to go public, it was not enough to overcome capital formation obstacles entrepreneurs and small businesses are facing. H.R. 3903, the Encouraging Public Offerings Act of 2017, would allow any company, regardless of size or EGC status, to take advantage of the popular provisions of title I of the 2012 JOBS Act.…”