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U.S. PIRG Letter: Support Reed-Landrieu-Levin Amendment
U.S. PIRG sent a letter to the Senate supporting the pro-investor Reed-Landrieu-Levin Amendment, and opposing the underlying bill should the amendment fail.
Investment News Editorial: JOBS Act Merits Greater Scrutiny
JOBS Act merits greater scrutiny March 18, 2012 6:01 am ET AS MUCH AS IT WARMS the cockles of our hearts to see House Republicans, Senate Democrats and President Barack Obama united in their efforts to get more Americans back to work, we are discouraged
CalSTRS Letter: Oppose the JOBS Act
California State Teachers’ Retirement System sent a letter to Senator Feinstein opposing the JOBS Act.
CalPERS Letter: Oppose the JOBS Act
Read the letter sent to Majority Leader Reid and Minority Leader McConnell by the California Public Employees’ Retirement System opposing the JOBS Act.
This Week in Wall Street Reform
Click here to view this week’s highlights and lowlights in Wall Street Reform – March 10, 2012 – March 16, 2012.
Coates and Pozen: Bill to Help Businesses Raise Capital Goes Too Far
“The House voted 390 to 23 last week for a bill (PDF) to provide regulatory relief for small companies trying to raise capital. The bill is moving quickly through the Senate; no one likes unnecessary regulations that burden economic growth. But this bill does more than trim regulatory fat; parts of it cut into muscle. Small businesses will have a harder time raising capital if investors do not receive sufficient disclosures or other legal protections.”
SEC Commission Aguilar: Investor Protection is Needed for True Capital Formation
“Last week, the House of Representatives passed H.R. 3606, the ‘Jumpstart Our Business Startups Act.’ It is clear to me that H.R. 3606 in its current form weakens or eliminates many regulations designed to safeguard investors. I must voice my concerns because as an SEC Commissioner, I cannot sit idly by when I see potential legislation that could harm investors. This bill seems to impose tremendous costs and potential harm on investors with little to no corresponding benefit.”
AFR in the News: Peter Barnes – Public Interest Groups Using Ex-Goldman Exec Op-Ed in Fight for Tougher Wall Street Rules
“Public interest advocates in Washington want to turn former Goldman Sachs executive Greg Smith into their poster child for tough new rules for Wall Street. …Public Citizen and the AFL-CIO are part of a coalition, Americans for Financial Reform, that is pushing regulators to crack down on financial firms. “
AFR in the News: Crowdfunding Proposal Hits Snag
“But consumer advocates, watchdog groups and some economists are raising alarms. Taken together, the JOBS Act’s various provisions represent a dramatic rollback of financial regulations that date back to the Great Depression, they argue. It would reverse protections enacted with the Dodd-Frank financial reforms, some warn. ‘We’re all for channeling capital to small businesses,’ said Marcus Stanley, policy director of Americans for Financial Reform. ‘At the same time, we have banks for a reason, as opposed to people standing on the street corner taking shares in companies. So you’ve got to strike a balance.’”