03/08/2024 | Press release | Distributed by Public on 03/08/2024 10:12
Washington, March 8, 2024 -
Today, the U.S. House of Representatives passed Chairman Patrick McHenry's (NC-10) H.R. 2799, the Expanding Access to Capital Act. H.R. 2799 will facilitate capital formation by strengthening our public markets, helping small businesses and entrepreneurs, and creating new opportunities for all investors.
"Across the country, entrepreneurs with a new idea, or seeking to grow their business, are struggling to access affordable capital," said Chairman McHenry. "The Expanding Access to Capital Act addresses this and more by alleviating the unique challenges faced by job creators and their investors who live outside major financial hubs. This legislation builds on the success of the bipartisan JOBS Act of 2012 and will benefit Americans from all walks of life-whether they're saving for retirement or launching a startup. I'm proud House Republicans advanced H.R. 2799 to provide more people with the opportunity to achieve their American dream."
Republican amendments adopted to the Expanding Access to Capital Act include:
Watch Chairman McHenry's remarks in support of the Expanding Access to Capital Act here.
Read full bill text here.
###