Source: United States Senator for South Dakota Mike Rounds
WASHINGTON – U.S. Senator Mike Rounds (R-S.D.), a member of the Senate Banking, Housing, and Urban Affairs Committee, introduced the Increasing Opportunities for Retail Investors Act. This legislation would increase both access to capital for new companies and opportunities for retail investors.
“Companies need a way to raise capital without the regulatory burden of a traditional Initial Public Offering,” said Rounds. “Additionally, individuals, not just investment firms, need more opportunities to invest. By giving the Securities and Exchange Commission the authority to raise the statutory exemption thresholds, like those governing offering size, more opportunities will be created for new businesses and everyday investors.”
The Increasing Opportunities for Retail Investors Act would authorize the Securities and Exchange Commission (SEC) to increase any statutory exemption ceiling to reduce regulatory burdens, such as those governing offering size, if the SEC deems appropriate. This would make it easier for the SEC to open up more capital to new companies and allow retail investors more access to new opportunities.
You can read the full bill HERE.