FEDERALhearing transcript

Congressional Hearing on Small Business and Community Access to Capital

Original title: LEGISLATIVE PROPOSALS TO IMPROVE SMALL BUSINESSES' AND COMMUNITIES' ACCESS TO CAPITAL

January 1, 2018

small business capital access financial regulation securities investment

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The Frame

What this does

The hearing serves as a formal record of legislative discussions that could influence future federal regulations governing how small businesses and local governments secure funding and investment.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Small businesses

The legislative proposals discussed aim to change the regulatory environment for how these entities secure funding.

Local governments

The hearing addressed capital access for communities, which impacts how local governments finance public projects.

U.S. Securities and Exchange Commission

The agency is involved in the regulatory oversight of the capital markets discussed in the hearing.

What changed

Last recorded activity January 1, 2018.

What's next

Next step not available in the current record.

Summary

This document is a transcript record of a November 3, 2017, House Subcommittee hearing regarding legislative proposals aimed at improving how small businesses and local communities access financial capital. It includes testimony from financial experts and industry representatives, along with supplemental letters and reports submitted for the record.

Key Facts

The hearing was held on November 3, 2017, by the Subcommittee on Capital Markets, Securities, and Investment.
The hearing focused on legislative proposals to improve access to capital for small businesses and communities.
Five expert witnesses provided testimony, including representatives from the U.S. Chamber of Commerce, the Investment Company Institute, and the Government Finance Officers Association.
The record includes correspondence between Subcommittee Chairman Bill Huizenga and SEC Chairman Jay Clayton.
Additional materials submitted for the record include letters from the Association of Minnesota Counties, the State Financial Officers Foundation, and the Mayor of Quincy, Massachusetts.
The record includes a white paper and statement from the Coalition for Small Business Growth.
The record includes a Morningstar article titled 'Money Market Funds on Life Support'.

Frequently Asked Questions

What was the purpose of this hearing?

The hearing was held to discuss legislative proposals intended to make it easier for small businesses and local communities to access capital.

Who testified at the hearing?

Witnesses included Mercer Bullard (University of Mississippi), Michael F. Gerber (FS Investments), Patrick J. McCoy (Government Finance Officers Association), Thomas Quaadman (U.S. Chamber of Commerce), and Paul Schott Stevens (Investment Company Institute).

Why It Matters

The hearing serves as a formal record of legislative discussions that could influence future federal regulations governing how small businesses and local governments secure funding and investment.

News Coverage

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Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

cross reference100% confidence

SEC Correspondence

The hearing record includes direct correspondence between the Subcommittee Chairman and the SEC Chairman, indicating active oversight of the agency's policy direction.

Bill Huizenga Jay Clayton

Connected Entities

personPatrick J. McCoy“Witness representing the Government Finance Officers Association.”Map →

personMichael F. Gerber“Witness and Executive Vice President at FS Investments.”Map →

personJay Clayton“Chairman of the U.S. Securities and Exchange Commission.”Map →

personBill Huizenga“Chairman of the Subcommittee.”Map →

personMercer Bullard“Witness and Professor of Law at the University of Mississippi.”Map →

organizationSubcommittee on Capital Markets, Securities, and Investment“The House subcommittee that held the hearing.”Map →

personThomas Quaadman“Witness representing the U.S. Chamber of Commerce.”Map →

personPaul Schott Stevens“Witness and CEO of the Investment Company Institute.”Map →

Sources

Open source document

www.govinfo.gov

Analysis Score

0–100

Significance40
How much this matters to a regular citizen
Controversy20
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz10
Current news / social attention level

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