The U.S. House of Representatives passed the Expanding Access to Capital Act of 2023 in a party line vote. The bill is intended to build on the JOBS Act of 2012 by reducing the regulatory burdens on certain capital raising transactions.
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The SEC set an effective date of August 21, 2023, for amendments that will remove references to credit ratings from existing exceptions to rules on market manipulation. The effective date was published in the Federal Register.
The SEC finalized amendments to rules on securities market manipulation that will remove references to reliance on credit rating agencies.
House Financial Services Committee Chair Patrick McHenry (R-NC) and House Agriculture Committee Chair Glenn Thompson (R-PA) proposed legislation that would establish a digital asset framework and provide for related joint rulemaking from the CFTC and the SEC.
SEC Chair Gary Gensler and SEC Commissioner Hester M. Peirce urged Small Business Forum participants to recommend policies to encourage capital formation.