On Thursday, April 14th, the House Financial Services Subcommittee on Capital Markets and GSEs held a hearing at 10 am titled, The JOBS Act at Four: Examining its Impact and Proposals to Further Enhance Capital Formation. The hearing considered the following four proposed bills, about which we previously have reported:

  • H.R. 4850, the “Micro Offering Safe Harbor Act;”
  • H.R. 4852, the “Private Placement Improvement Act of 2016;”
  • H.R. 4854, the “Supporting America’s Innovators Act of 2016;” and
  • H.R. 4855, the “Fix Crowdfunding Act.

The witnesses included Paul Atkins of Patomak Global Partners; William Beatty, Washington Securities Division Director, on behalf of the North American Securities Administrators Association; Nelson Griggs, Executive Vice President-Global Listing Services, NASDAQ OMX; Raymond Keating, Chief Economist, Small Business & Entrepreneurship Council; and Kevin Laws, Chief Operating Officer, AngelList. Their prepared remarks and other hearing details may be accessed at: http://financialservices.house.gov/calendar/eventsingle.aspx?EventID=400536.