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McHenry Investigates SEC’s Failure to Implement Bipartisan JOBS Act

WASHINGTON – By ignoring the deadline to implement a key provision of a bipartisan law approved a year ago, the Securities and Exchange Commission (SEC) is costing America’s struggling economy desperately needed jobs, members of the Financial Services Oversight and Investigations Subcommittee said today during a hearing. While some provisions of the bipartisan JOBS – Jumpstart Our Business Startups – Act went into effect when it was signed into law, the SEC has failed to meet the law’s deadlines to write required rules for other provisions that will help small businesses raise capital and hire workers. The subcommittee hearing focused specifically on one section of the JOBS Act that would remove an outdated SEC regulatory ban preventing sm... Read More >

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