Cramer - House Passes H.R. 1675 - the Encouraging Employee Ownership Act of 2015

Press Release

Congressman Kevin Cramer announced today the U.S. House of Representatives passed H.R. 1675, the Encouraging Employee Ownership Act of 2015. The bill combines the text of H.R. 1675, H.R. 686, the Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act of 2015; H.R. 1965, the Small Company Disclosure Simplification Act; H.R. 2354, Streamlining Excessive and Costly Regulations Review Act; and H.R. 2356, Fair Access to Investment Research Act of 2015. H.R. 1675 provides for various financial services related reforms in an attempt to alleviate burdens on employers by repealing or amending outdated Securities and Exchange Commission (SEC) regulations.

"Small businesses, private companies and entrepreneurs need access to capital in order to succeed and create jobs. Yet burdensome Washington regulations from the Securities and Exchange Commission (SEC) prevent many of them from accessing the capital they need to start their businesses," said Cramer. "Small businesses created more than 60 percent of the nation's net new jobs over the past two decades. If we want to restart the American economy, we need to make it easier for entrepreneurs to start businesses."

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