DealMaker founder and CEO Rebecca Kacaba is scheduled to testify this week in front of the Capital Markets Subcommittee, part of the House Financial Services Committee. Kacaba will be joined by others to discuss capital formation for smaller firms.
The hearing is entitled The Future of American Capital: Strengthening Public and Private Markets by Increasing Investor Access and Facilitating Capital Formation.
DealMaker is a tech-enabled, online capital formation platform that helps smaller firms raise money online. Based in Canada and the US, DealMaker assists issuers in the US utilizing private securities exemptions, including Reg D, Reg A, and Reg CF.
According to the hearing memo, the Committee will review the “critical role of capital formation in driving economic growth.”
This includes the JOBS Act of 2012, the legislation that legalized online capital formation, as well as ongoing hurdles for firms seeking access to capital.
The hearing is affiliated with a slew of bills that are designed to improve the exempt offering ecosystem, including fixing the current discriminatory definition of an Accredited Investor, the excessive cost of going public, relaxing certain rules on promoting private offerings, clarity on finders, increasing the Reg A funding cap to $150 million, Reg CF to $10 million and more.
As the House of Representatives and the Senate are controlled by Republicans, and there is a Republican President, legislation designed to help entrepreneurs and smaller investors now stand a better chance of becoming law.
The Hearing is scheduled for February 26, 2025, at 10:00 AM ET and will be livestreamed on the Committee’s website.