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Scott, Colleagues Warn the SEC's Regulatory Agenda Will Squeeze Small Businesses

Press Release

By: Tim Scott
By: Tim Scott
Date: May 10, 2023
Location: Washington, D.C.
Issues: Finance and Banking Economy and Fiscal

"We are deeply concerned that the SEC, under your leadership, has put America's capital markets framework into jeopardy by failing to properly scale, or tailor, your rules to ensure they do not disproportionately impact small businesses.

"Unfortunately, the aggressive and sprawling rule-making agenda put forth by the SEC under your leadership seeks to further burden these businesses, rather than making it easier for them to raise and deploy growth-driving capital. The SEC currently has over fifty items on its regulatory agenda, many of which will drastically change the operation, structure, and efficiency of U.S. capital markets. The unprecedented volume, complexity, and interconnectedness of the SEC's rules will inevitably result in severe market disruptions that will harm our capital markets and the investors they serve, particularly small and emerging U.S. businesses and market participants."


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