PEGCC Statement in Response to the introduction of The Small Business Capital Access And Job Preservation Act
WASHINGTON, DC – Today, Steve Judge, President and CEO of the Private Equity Growth Capital Council made the following statement on the introduction of H.R. 1105, The Small Business Capital Access And Job Preservation Act:
“The private equity and growth capital industry commend Representative Hurt and Representative Himes on the reintroduction of the Small Business Capital Access and Job Preservation Act. This bi-partisan legislation reaffirms that private equity and growth capital funds pose no systemic risk to the overall U.S. economy nor do they raise investor protection issues that require additional regulation. The legislation looks to reduce new, complicated and unnecessary registration requirements that unfairly burden an industry responsible for investing hundreds of billions of dollars in U.S.-based businesses each year. The PEGCC will continue working with members of both parties to ensure the government has the information it needs while reducing costs and barriers to investing in the U.S. economy.”
To learn more about the act, please click here.