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house Bill H.R. 1312

Does the SEC Need to Consider Ways to Improve Small Businesses’ Access to Capital?

Argument in favor

The SEC ought to review the recommendations of an annual government-industry forum on small business capital formation. That way the SEC can assess ways to help small businesses grow and fuel economic growth.

Jessika's Opinion
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04/30/2017
Yes, but you need to do something with the information after this. Small businesses are at a distinct disadvantage against mega corporations when it comes to funding.
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Michael's Opinion
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04/30/2017
I'm voting yes, but the SEC then has to do something with it, and not leave it the empty promise its critics are justly concerned about.
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Tara 's Opinion
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04/30/2017
Even though the bill may not call for action, just reviewing of small business endeavors, it's still a step in the right direction. We cannot complain of inaction and then vote against the first baby step. Sure, it may be a ploy to make it look like politicians care, but it still forces them to review small businesses and brings light to an important issue. It isn't ideal, but it's a start.
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Argument opposed

All this bill does is require the SEC to review the findings of a government-industry forum and announce what, if anything, it will do. It's doubtful that will lead to tangible actions that help small business.

Ray's Opinion
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04/30/2017
All this bill does is require the SEC to review the findings of a government-industry forum and announce what, if anything, it will do. It's doubtful that will lead to tangible actions that help small business. It is, in effect, an empty promise. Small Business is hamstrung because lending requirements are too tight and exclusive; banks, too risk averse. Until the lending environment is changed, bills like this are simple staged political fast food.
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Christopher 's Opinion
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04/30/2017
This is a do nothing bill. All it does is require a review (that is already being done) and does nothing to directly capitalize small businesses.
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Craig's Opinion
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04/30/2017
This bill creates the illusion that the government is trying to support the little guy, but studies performed by a partner in Cronyism do not a problem solve.
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bill Progress


  • Not enacted
    The President has not signed this bill
  • The senate has not voted
      senate Committees
      Committee on Banking, Housing, and Urban Affairs
  • The house Passed May 1st, 2017
    Roll Call Vote 406 Yea / 0 Nay
      house Committees
      Committee on Financial Services
    IntroducedMarch 2nd, 2017

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    Yes, but you need to do something with the information after this. Small businesses are at a distinct disadvantage against mega corporations when it comes to funding.
    Like (45)
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    All this bill does is require the SEC to review the findings of a government-industry forum and announce what, if anything, it will do. It's doubtful that will lead to tangible actions that help small business. It is, in effect, an empty promise. Small Business is hamstrung because lending requirements are too tight and exclusive; banks, too risk averse. Until the lending environment is changed, bills like this are simple staged political fast food.
    Like (73)
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    This is a do nothing bill. All it does is require a review (that is already being done) and does nothing to directly capitalize small businesses.
    Like (45)
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    I was a state Economic Development civil servant. I met with companies from one of the Big 3 to small Mom and Pop operations. Small manufacturing companies had trouble getting financing when larger orders were available (for inventory, overtime, new hires, etc.) small commercial companies were usually able to get financing through local banks or credit unions. The SBA was a vital partner to all businesses during the economic downturn. Please support our Small Business Association
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    This bill creates the illusion that the government is trying to support the little guy, but studies performed by a partner in Cronyism do not a problem solve.
    Like (41)
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    I'm voting yes, but the SEC then has to do something with it, and not leave it the empty promise its critics are justly concerned about.
    Like (24)
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    The SEC should be eliminated. Business should seek loans from local banks who loan on reputation, business history or local affiliates. Guess I'm saying the way local banks handled loans back in ancient time- '60 & '70s. The good old days when cars were made of steel. Let's keep our Federal Government confined to 10 sq miles.
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    Just get the SEC out of the way. There is literally nothing government can do to help in the situations and a thousand ways that, even with the best of intentions, they can hurt. Let's acknowledge that the government doesn't know the first thing about creating valuable goods or services that people would voluntarily choose to purchase (why would they need to know about that when government can make you purchase their good or service whether you want to or not?), which means they don't know the first thing about business, which makes them poor overseers of business. Just get out of the way. That's the way to be of most service to everyone.
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    Of course I want small businesses to receive adequate capital, but this bill will not do it.
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    Even though the bill may not call for action, just reviewing of small business endeavors, it's still a step in the right direction. We cannot complain of inaction and then vote against the first baby step. Sure, it may be a ploy to make it look like politicians care, but it still forces them to review small businesses and brings light to an important issue. It isn't ideal, but it's a start.
    Like (11)
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    The Small Business Administration should be in charge of this, so that small business owners don't have to run to multiple different bureaucracies for help. The SEC should stick to regulating securities and stock exchanges so that the exchanges (and multinational corporations) don't cheat small business owners and stockholders of their money.
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    This is more of the rich old white men pretending to help regular Americans. We're onto your nonsense.
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    If this is a hollow red tape bill it only hog ties small business with burdens, not productive help.
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    They should use existing staff and money to research this and put better less restrictive path for small business to have access to lenders without so many restriction. They work with this everyday why is it always more funding just to do their job!!!?
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    The more the federal government interferes, the more problems there will be. It's not worth the misery. Leave it in the hands of the private sector and free market interests to decide the required appropriate improvements.
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    More government intrusion in the private sector. They screwed up the public sector. Keep government out of the private sector. Abolish SEC!
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    This bill may or may not help but we do need to support SMALL business.
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    This will accomplish little. The real key to small business growth is to remove government costs and regulations - including the employer mandate, requiring insurance purchases, etc etc
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    This seems pointless, the SEC will make a statement? That is not going to help small businesses. Know what will? More access to capital? Other ways to collateralize loans... This is a waste of time, do some real work.
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    I support small business. I was an attorney for the Small Business Administration. But this does nothing. Why not come up with a bill that really supports small business.
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