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ARTICLE · 22 JUNE 2023

House Passes Eleven Bills Enabling Capital Formation

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In early June, the US House of Representatives passed two sets of bills focused on promoting capital formation. The bipartisan effort included bills that amend...

United StatesFinance and Banking
Carlos E. Juarez
Carlos E. Juarez
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In early June, the US House of Representatives passed two sets of bills focused on promoting capital formation. The bipartisan effort included bills that amend the accredited investor definition in order to increase the diversity of investors participating in the private markets. In addition, as the IPO market continues to suffer, the packages include bills that would enact legislation formalizing measures that already are permitted by SEC staff, such as, for example, expanding "testing-the-waters" accommodations to all issuers. Also, the package includes a bill directing the SEC to investigate the costs associated with going public for middle market companies.

House bills passed on June 1, 2023, include:

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