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The Small Company Capital Formation Act encourages small companies to access the capital markets — allowing them to invest and hire employees. The legislation increases the offering threshold for companies exempted from SEC registration under SEC Regulation A from $5 million — the threshold set in the early 1990s — to $50 million. The SEC has the authority to raise this threshold but has not done so for almost two decades. The bill is spnsored by Representative David Schweikert. Read More »

The legislation, introduced by Rep. Steve Pearce, requires the Treasury Department to approve any new debt issuance by the GSEs. If Treasury approves a debt issuance, it must explain and justify its decision to Congress and the FHFA within seven days. The legislation limits the amount of GSE risk taking. H.R. 1225 was approved on a vote of 18-0-1 by the Capital Markets Subcommittee on April 6, 2011. Read More »

H.R. 830, The FHA Refinance Program Termination Act: H.R. 830, introduced by Rep. Robert Dold (R-IL) on February 28th, terminates the FHA Refinance Program and protects taxpayers from having $8 billion of their money from being spent on this ineffective program. Background: In March 2010, the Administration announced the creation of the FHA Refinance Program to refinance underwater loans into the FHA. The program is funded with $8 billion in TARP funds. According to Treasury’s TARP Progress Report, only $50 million of this $8 billion had been disbursed as of February 3. The Administration orig... Read More »