Wagner Introduces Capital Formation Bills to Support Families and Small Businesses

Washington, D.C. - Congresswoman Ann Wagner (R-MO) released the following statement after she introduced three pieces of bipartisan legislation to promote capital formation and support Main Street Investors:

“Families need greater access to investment opportunities, and small businesses deserve to grow without fighting reckless overregulation by the government.  These three pieces of legislation will expand options for Main Street investors to save for their future, ensure local businesses can create even more jobs in our communities, and prevent overregulation from stifling the innovation that makes the United States the best place to build your business.  I thank my colleagues on both sides of the aisle for their support and look forward to the Financial Services Committee taking up my legislation so we can make sure we accomplish our most important goal in Congress, making life better for families in Missouri and the nation.”

Background

Encouraging Public Offerings Act

This bipartisan bill codifies Rule 163B under the Securities Act by allowing an issuer to communicate with potential investors to determine interest in a securities offering, either before or after the filing of a registration statement (i.e. test the waters).

Increasing Investor Opportunities Act
This bipartisan bill would give retail investors greater access to private fund investment opportunities while retaining the protections of the Investment Company Act of 1940.

Small Entity Update Act

The bipartisan bill would direct the Securities and Exchange Commission to conduct a study, followed by a rulemaking consistent with the results of such study, including defining the term “small entity” under the Regulatory Flexibility Act.