SBIA Expresses Support for Non-Traditional Capital Formation Act
“This proposal champions practical tools that will bring the benefits of investment to the people and places that have not yet fully benefited from the best America has to offer,” said SBIA President Brett Palmer.
June 13, 2022 (Washington, D.C.) – The Small Business Investor Alliance (SBIA) is pleased to announce support for the Promoting Opportunities for Non-Traditional Capital Formation Act, legislation introduced by House Committee on Financial Services Chairwoman Maxine Waters (D-CA). This proposal would direct the Securities and Exchange Commission’s (SEC’s) Small Business Advocate to provide educational resources and host events to promote capital-raising options for underrepresented small businesses, including women-, minority-owned, and rural small businesses.
“Market-driven investing drives economic opportunity, create good-paying jobs, and positively impact communities. To expand opportunity and economic freedom we need to make sure we remove barriers to investments in all parts of America, particularly those who have not yet had adequate access to the private capital markets,” said SBIA President Brett Palmer. “This proposal champions practical tools that will bring the benefits of investment to the people and places that have not yet fully benefited from the best America has to offer.”
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About the Small Business Investor Alliance
The Small Business Investor Alliance (SBIA) is the premier organization of lower middle market private equity funds and investors. SBIA works on behalf of its members as a tireless advocate for policies that promote competitive markets and robust domestic investment for growing small businesses. SBIA has been playing a pivotal role in promoting the growth and vitality of the private equity industry for over 60 years. For more information, visit www.SBIA.org or call (202) 628-5055.
