H. R. 1312
IN THE HOUSE OF REPRESENTATIVES
To amend the Small Business Investment Incentive Act of 1980 to require an annual review by the Securities and Exchange Commission of the annual government-business forum on capital formation that is held pursuant to such Act.
This Act may be cited as the
Small Business Capital Formation Enhancement Act.
Annual review of government-business forum on capital formation
Section 503 of the Small Business Investment Incentive Act of 1980 (15 U.S.C. 80c–1) is amended by adding at the end the following:
The Commission shall—
review the findings and recommendations of the forum; and
each time the forum submits a finding or recommendation to the Commission, promptly issue a public statement—
assessing the finding or recommendation of the forum; and
disclosing the action, if any, the Commission intends to take with respect to the finding or recommendation.
Nothing in this section shall require the Commission to agree to or act upon any finding or recommendation of the forum.
Passed the House of Representatives May 1, 2017.
Karen L. Haas,