Patrick McHenryChairman

Washington, November 19, 2014 - House Financial Services Committee Chairman Jeb Hensarling (R-TX) made the following comment about the Securities and Exchange Commission’s annual Government-Business Forum on Small Business Capital Formation being held in Washington:

“Year in and year out the SEC has failed to act on many, if not most, of the recommendations provided by the Forum.  In fact, a number of reforms contained in the bipartisan JOBS Act and other bipartisan bills passed by the Financial Services Committee are based on Forum recommendations that the SEC ignored.  It’s not enough for the SEC to simply talk about promoting small business; it needs to take action – like Congress and our committee has done – on innovative ideas that will help small businesses and create jobs.”