Senate Banking Committee Member Introduces "Pro-Growth" Legislation

Senate Committee on Banking, Housing and Urban Affairs member Mike Rounds (R-SD) introduced six bills intended to reduce regulatory burdens for investors and small businesses attempting to raise capital.

• The Alleviating Stress Test Burdens to Help Investors Act would remove bank-centric stress testing requirements and instead authorize the SEC and CFTC to conduct stress tests;
• The Modernizing Disclosures for Investors Act would require the SEC to conduct a study intended to simplify the quarterly financial reporting system for small companies;
• The Improving Investment Research for Small and Emerging Issuers Act would instruct the SEC to examine the causes of the current lack of investment research on small companies;