On to the Senate: Bipartisan Huizenga Legislation to Improve IPO Research, Help Small Businesses "Go Public" Passes House
Today, House Capital Markets, Securities, and Investment Subcommittee Chairman Bill Huizenga (MI-02) released the following statement after the House passed H.R. 6139, the Improving Investment Research for Small and Emerging Issuers Act. This bipartisan legislation, introduced by Congressman Huizenga, would improve initial public offering (IPO) research and help smaller businesses become publicly traded companies. H.R. 6139 passed the House by voice vote.
“We need to ensure that our capital markets are open for innovators and job creators of all sizes. A key part of that is working to right-size regulations for smaller companies looking to go public. Over the past two decades, our nation has experienced a 37% decline in the number of publicly traded companies. Many small and emerging growth companies are choosing to go public much later in their lifecycle with some choosing not to go public at all. We must work to change this trajectory, which is why I introduced H.R. 6139, the Improving Investment Research for Small and Emerging Issuers Act."