10/27/2011 10:23:00 AM EST
New Financial Legislation Takes Another Step
Four bills made their way through the Capital Markets and
Government Sponsored Enterprises Subcommittee of the House Financial Services
Committee last week and this week were approved by the full Financial
Services Committee .
The Congress had to throw in some attacks against the
Securities and Exchange Commission.
"We cannot wait for the SEC to act when millions of
Americans are out of work and small businesses can't access capital because of
outdated regulations. Small business accounts for the majority of new
jobs created in the U.S. The Committee took action today and passed
common-sense ideas that will promote jobs," said Financial Services Chairman
Spencer Bachus. "Capital formation is essential for a robust economy. The bills
approved today provide the modernized regulatory environment that is needed to
help small businesses create jobs."
additional commentary on developments in compliance and ethics, visit Compliance Building,
a blog hosted by Doug Cornelius.
For more information about LexisNexis
products and solutions connect with us through our corporate site.