The issue of capital formation for small businesses is an extremely important topic. All too frequently the subject gets pushed aside by more superficial issues or the hot political topic of the moment. But the fact of the matter is that small business creates the vast majority of the jobs in this country and generates a lot of economic value that benefits us all. Too often our legislators, and thought leaders, do not contribute the necessary time needed to improve the environment for small business. In many instances legislators paradoxically stumble upon ways to curtail economic growth, as has been exemplified by the cumbersome rules tossed down in the monolithic and unwieldy Dodd-Frank legislation.
The Heritage Foundation has organized a speech by SEC Commissioner Daniel Gallagher. He will be discussing what may be done to bring entrepreneurship back to the policy forefront where it should be.
On September 17th Commissioner Gallagher will be answering the question; “Whatever Happened to Promoting Small Business Capital Formation”. Organized by David Burton, Senior Fellow in Economic Policy, the speech is open to the public and will also be live-streamed via the internet. The description is as follows:
In the Securities and Exchange Commission’s single-minded pursuit of Dodd-Frank Act rulemaking, we have let the needs of small businesses languish. In fact, we have done affirmative harm to small businesses. There are a number of substantive steps that could be taken in the near to mid-term that would help alleviate this situation. There are also some procedural changes the SEC could adopt that would bring the needs of entrepreneurship back to the forefront and help keep them there.
Commissioner Gallagher is known to be one of the most “pro-business and pro-growth” commissioners at the SEC. I am certain he will also be giving his perspective on the lingering challenges regarding final rules of Title IV and Title III crowdfunding on that date.
The event will be held at the Lehrman Auditorium from 10AM to 11AM at the DC headquarters of Heritage. You may register here.