Release Date: December 5, 2016
Contact: Carol Danko, 202-962-7390, email@example.com
SIFMA Statement on House Passage of the Creating Financial Prosperity for Businesses and Investors Act (H.R. 6427)
Washington, D.C., December 5, 2016 - SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on House passage of the Creating Financial Prosperity for Businesses and Investors Act (H.R. 6427):
“SIFMA commends the House for moving proposals to enhance our markets and foster economic growth. H.R. 6427 rightfully focuses on promoting capital formation and decreasing unnecessary friction in our securities laws while upholding necessary customer and market protections. The U.S. capital markets are the deepest, most liquid in the world and distinguish our economy’s growth potential from every other. SIFMA and its member firms remain willing partners with Congress and the SEC as both seek to improve our capital markets.”
The package consists of six bipartisan bills that were previously passed by the House of Representatives, and seeks to increase the regulatory focus on small business capital formation initiatives, promote greater access to capital for small business and expand access for investors.
SIFMA is the voice of the U.S. securities industry. We represent the broker-dealers, banks and asset managers whose nearly 1 million employees provide access to the capital markets, raising over $2.5 trillion for businesses and municipalities in the U.S., serving clients with over $20 trillion in assets and managing more than $67 trillion in assets for individual and institutional clients including mutual funds and retirement plans. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org