GOP Wants to Ease Capital Raising Restrictions
Republicans want to help small businesses raise capital as soon as possible. The GOP wants to pass bills to assist small business by the end of the year.
House Republican Kevin McCarthy (Calif.) spoke this week about the subject. According to McCarthy the number of start-ups being created is the lowest in 20 years. McCarthy also stressed that small businesses have provided 64% of all new net private sector jobs over the past 15 years. McCarthy said there is not time to wait for the Securities and Exchange Committee to finish their review of how to ease capital raising.
“I don’t think it’s the time to wait around for another study about it,” said McCarthy. He pointed out that the issues being reviewed have been debated for over 10 years.
The GOP hopes to ease the restrictions on capital raising by 2012. If Republicans are successful in passing their bills you may find it easier to raise money by the end of this year.