house Bill H.R. 3784
Does the SEC Need an Office to Address the Concerns of Small Businesses?
Argument in favor
The Securities and Exchange Commission’s regulations can have a profound impact on the ability of small businesses to attract investment. Giving small businesses an advocate within the SEC will make the regulatory process less disruptive.
02/05/2016
"Small business creates most of the new jobs in this country and it’s important that we do everything we can to help them." [sanders.senate.gov]
02/05/2016
"We need an economy built to last – that creates jobs of the future and makes things the rest of the world buys. And we need to strengthen small businesses, which are the backbone of our economy and critical to job creation and sustained economic growth." [whitehouse.gov]
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02/05/2016
Large businesses have lobbyists to represent their needs. Small businesses need as large a voice as we the people can give them. Most people in America are employed by a small businesses , so this debate affects everyone in some way.
Argument opposed
Small businesses are already well-represented in the federal regulatory process, and if they have issues with proposed rules they can raise them without having an office specifically designated for them within the SEC.
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02/05/2016
The sec deals with publicly traded companies. Once a company goes that rout, it's not a "small business".
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05/10/2016
Keep the Fed out of small businesses to many regulations now that Destroy them
"Small business creates most of the new jobs in this country and it’s important that we do everything we can to help them." [sanders.senate.gov]
"We need an economy built to last – that creates jobs of the future and makes things the rest of the world buys. And we need to strengthen small businesses, which are the backbone of our economy and critical to job creation and sustained economic growth." [whitehouse.gov]
The sec deals with publicly traded companies. Once a company goes that rout, it's not a "small business".
Keep the Fed out of small businesses to many regulations now that Destroy them
Cut the SEC budget, we need to reduce red tape, not increase it.
This is a very small investment that will surely have a positive impact on small businesses, consumers, and the work force at large. This bill is a no brainer So long as it is implemented correctly and there is a true line of communication between business owners and the SEC.
Right. Another bureaucratic "necessity" headquartered in DC to "help" those outside the beltway. More rules, more do's and don't with added costs of doing business to process reams of paperwork for the government aimed at the people!!
The answer is not more advocates for every slice of the economy, it is minimal regulation limited to ensuring that the few rules we do have are clear, consistent, and followed.
We don't need anymore govt "offices" unless it is one to figure out how to shut down most of the ones we already have. Want to screw something up... Get the govt involved.
Until we create a streamlined means that will allow small businesses to thrive in our economy, this will give them a way to negotiate with the SEC on a more even footing.
Despite the SEC typically being used by & for businesses that have stocks or other securities, many small businesses do not have lobbyists or sway in Washington D.C. Additionally, small businesses could really benefit from this knowledge, advice & (possible) additional revenue stream was available to them.
Large businesses have lobbyists to represent their needs. Small businesses need as large a voice as we the people can give them. Most people in America are employed by a small businesses , so this debate affects everyone in some way.
NO NO NO!!! THE POWERS OF THE SEC DO NOT NEED TO BE EXPANDED. If a "small" business is thinking of going public, they can already get help. WE AR 19 TRILLION IN DEBT and the deficit is growing that debt by millions each and every day. WE NEED TO BE CUTTING SERVICES, NOT ADDING NEW ONES AT THE FEDERAL LEVEL. STOP SPENDING!!!
Since there are so many regulations in place currently, there should be an office to help small businesses with the complicated regulations placed enforced by the SEC. Hopefully, however, in the future, this won't even be a concern.