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McHenry: SEC Has Taken Important Steps to Support Whole-of-Government Coronavirus Response
Washington,
April 8, 2020 -
WASHINGTON – Today, House Financial Services Committee Ranking Republican, Patrick McHenry (NC-10), released the following statement in response to the Securities and Exchange Commission’s (SEC) targeted regulatory relief for Business Development Companies (BDCs) in an effort to support job creators across our country:
“The SEC has taken a number of important steps over the past few weeks to support the Trump Administration’s whole-of-government approach to responding to coronavirus. I want to specifically thank Chairman Jay Clayton for his tireless leadership through this difficult time. I commend the entire Commission for putting forward this thoughtful, targeted relief which will help expand access to much-needed capital and ensure our nation’s small businesses survive.”
Background: BDCs are mutual funds established by Congress that primarily invest in small and developing companies.
Find more information on the federal response to COVID-19 here.
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