Senate Banking Committee holds bipartisan hearing on capital formation
Chairman Scott convened a hearing with industry and policy witnesses to discuss ways to expand access to capital for small businesses and everyday investors, covering IPOs, disclosure, accredited investor rules, BDC accounting issues and crypto regulation.
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Chairman Scott opened the Senate Banking Committee hearing by framing capital formation as a Main Street issue and urging bipartisan action to help companies go public and expand investment opportunities for everyday Americans. "Opportunity should not be dictated by your ZIP code," he said, laying out a package of proposals and referencing the Empowering Main Street in America Act as a starting point.
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