Rep. Ted Budd Introduces Bill to Help Companies Attract Investors
Press Release
Issues: Government Operations
Rep. Ted Budd (R-NC) re-introduced the Encouraging Public Offerings Act. Rep. Budd previously introduced the legislation in 2017 and 2020. The bill previously passed the House overwhelmingly on November 1, 2017 by a vote of 419-0.
The legislation encourages capital formation by making initial public offerings more attractive for companies.
Rep. Budd said in a statement:
"Fundamentally, financial markets connect money to ideas. But the process of taking a company public has become more and more difficult. This bill makes significant changes to securities laws to reduce the risk that companies face when they go public, and ensure that the everyday investor has access to the opportunities that help Americans save and watch their dollars grow."
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