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.
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