The JOBS Act and the Capital Raising Process (The SEC Budget)
In signing the JOBS Act, the President made clear that the SEC was given sufficent resources to police the new requirements and protect investors.
- It also means that, to all the members of Congress who are here today, I want to say publicly before I sign this bill, it's going to be important that we continue to make sure that the SEC is properly funded, just like all our other regulatory agencies, so that they can do the job and make sure that our investors get adequate protections.
The new legislation, therefore, provides a basis for adequately funding the agency, something that has been a struggle in recent years. The adoption of the JOBS Act reflected bipartesanship in Congress. ONe hopes that SEC funding will get the same kind of support.