Patrick McHenryChairman

Hearing Entitled: U.S. Public Markets Built for the 21st Century: Exploring Reforms to Make Our Public Markets Attractive for Small and Emerging Companies Raising Capital
Thursday, March 9, 2023 10:00 AM in 2128 RHOB
Subcommittee on Capital Markets

Click here for the LIVESTREAM of this hearing.

Click here for the Committee Memorandum.

Legislation

• H.R. ___, the "Improving Disclosure for Investors Act of 2023" (Rep. Huizenga)

• H.R. ___, the "Helping Startups Continue to Grow Act" (Rep. Steil)

• H.R. ___, a bill to lower the aggregate market value of voting and non-voting common equity necessary for an issuer of securities to qualify as a well-known seasoned issuer (Rep. Steil)  

• H.R. ___, the "Encouraging Public Offerings Act" 

• H.R. ___, a bill to amend the Securities Act of 1933 to expand the research report exception to include reports about any issuer that undertakes a proposed offering of public securities (Rep. Williams)

• H.R. ___, a bill to amend the Securities Exchange Act of 1934 to specify certain registration statement contents for emerging growth companies, to permit issuers to file draft registration statements with the Securities and Exchange Commission for confidential review, and for other purposes (Rep. McHenry)

• H.R. ___, a bill to amend the Federal securities laws to specify the periods for which financial statements are required to be provided by an emerging growth company, and for other purposes (Rep. McHenry)

• H.R. ___, a bill to require auditor independence standards of the Public Company Accounting Oversight Board and the Securities and Exchange Commission applicable to past audits of a company occurring before it was a public company to treat an auditor as independent if the auditor meets established professional standards, and for other purposes (Rep. McHenry)

• H.R. ___, a bill to permit an issuer, when determining the market capitalization of the issuer for purposes of testing the significance of an acquisition or disposition, to include the value of all shares of the issuer (Rep. Hill)

• H.R. ___, a bill to amend the Securities Exchange Act of 1934 to exclude qualified institutional buyers and institutional accredited investors when calculating holders of a security for purposes of the mandatory registration threshold under such Act, and for other purposes 

• H.R. ___, a bill to require the Securities and Exchange Commission to revise certain thresholds related to smaller reporting companies, accelerated filers, and large accelerated filers, and for other purposes

• H.R. ___, a bill to amend the Investment Advisers Act of 1940 to codify certain Securities and Exchange Commission no-action letters that exclude brokers and dealers compensated for certain research services from the definition of investment adviser, and for other purposes

• H.R. ___, a bill to permit a registered investment company to omit certain fees from the calculation of Acquired Fund Fees and Expenses, and for other purposes (Rep. Sherman) 

Witness List

• The Honorable Michael S. Piwowar, Executive Vice President of MI Finance, Milken Institute 

• Ms. Sue Washer, Former CEO, Applied Genetics Technology Corp

• Ms. Anna T. Pinedo, Partner and Co-Leader of Global Capital Markets, Mayer Brown

• Ms. Stacey Bowers, Professor of the Practice, University of Denver Sturm College of Law

Hearing Video