Foreign regulators and Governments have publicly expressed serious concerns about Dodd-Frank.
Pat Toomey
The Public Record
Patrick Toomey is a former United States Senator from Pennsylvania, serving from 2011 to 2022. A member of the Republican Party, Toomey was known for his focus on fiscal conservatism, economic growth, and limited government. During his tenure, he served on several Senate committees, including the Banking, Housing, and Urban Affairs Committee, where he was involved in financial regulation and economic policy discussions.
The risk of having to comply with Dodd-Frank's costly regulations is causing many firms to reconsider doing business in the U.S.
If ever there was an opportunity to do something that is unambiguously constructive for the economy, pro-growth, good for job creation, this is it.
I have a bill with Carper--it is known as the ``shareholder bill''--that would limit the permissible cap on the number of shareholders.
Senators Carper and Toomey have introduced legislation, the Private Company Flexibility and Growth Act (S. 1824), which would address these barriers to private company growth.
So would it be your judgment that if we passed some package of these bills, that could actually facilitate angel investment, early venture capital, even in respects that are not directly addressed by the bills?
Senators Tester and Toomey have introduced a Regulation A reform bill, the Small Company Capital Formation Act (S. 1544)
I support Senators Tester and Toomey's legislation to increase this to $50 million.
This one, of course, would facilitate an IPO by diminishing some of the burdens of registration that currently attends to an IPO.
This bill would create a new category of issuers, called 'emerging growth companies,' and ease their transition onto the public market.
how this place has devolved into this partisan battling that has been downright counterproductive for our economy and for our country.
I commend you for taking that view and I want to recognize that you have been under a lot of pressure to change that view and I hope you will not change it.





