House Financial Services Subcommittee Holds Hearing on Legislative Proposals to Enhance Capital Formation for Small and Emerging Companies (with Delta Strategy Group Summary)

The House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises held a hearing entitled "Legislative Proposals to Enhance Capital Formation for Small and Emerging Growth Companies, Part II," to discuss drafts of legislation including the Equity Crowdfunding Improvement Act, the Startup Capital Modernization Act, and legislation to direct the SEC to revise its proposed amendments to Reg. D, Form D, and Rule 156 ("Investment Company Sales Literature").

Click here for a summary of the hearing by Delta Strategy Group.

See: Committee Memorandum; Equity Crowdfunding Improvement Act of 2014; Startup Capital Modernization Act of 2014; Bill to direct the Securities and Exchange Commission to revise its proposed amendments to Regulation D, Form D, and Rule 156.Related news: SEC Publishes Revised Form D (September 23, 2013) SEC Publishes Small Entity Compliance Guide on Rule 506 Disqualifications (September 23, 2013);SEC Publishes Final Rule Amendments to Rule 506 and Rule 144A in Federal Register (July 24, 2013) The SEC Approves JOBS Act Rules (with Delta Strategy Group Meeting Summary) (with Lofchie Comment) (July 10, 2013).