Washington, D.C. – Today, U.S. Senate Committee on Banking, Housing, and Urban Affairs incoming Ranking Member Pat Toomey (R-Pa.) announced requests for legislative proposals to increase economic growth and job creation by facilitating capital formation.
“I am announcing this initiative because America’s future economic growth depends on remaining the global leader in active and liquid capital markets. Expanded capital formation will help entrepreneurs bring new ideas to market and lead to better investment opportunities, including for the many middle-class Americans who may have missed out on recent high-profile IPOs. As our economy continues to recover from the COVID-19 crisis, I am seeking proposals that will accelerate economic growth and spur job creation by encouraging more companies to become publicly traded, improving the market for private capital, and enhancing retail investor access to investment opportunities,” said incoming Ranking Member Toomey.
The committee will collect proposals from Tuesday, February 2nd to Thursday, March 18th, 2021. Each discrete proposal should include the following:
  • Brief description of the proposal and how it will encourage companies to be publicly traded, improve the market for private capital, and/or enhance retail investor access to investment opportunities;
  • Impact on economic growth and investor protection;
  • Legislative language; and
  • Other background material as appropriate.
Interested persons should submit electronic copies of their proposals to committee staff at submissions@banking.senate.gov.