H.R. 1839: “Reforming Access for Investments in Startup Enterprises (RAISE) Act of 2015”

By SBE Council at 27 July, 2015, 1:07 pm

UPDATE: On October 6, 2015 the U.S. House of Representatives passed H.R. 1839 by a vote of 404-0 (voted on suspension). On July 29, the House Financial Services Committee passed H.R. 1839 by a vote of 58-0.

The Honorable Patrick McHenry

U.S. House of Representatives

Washington, DC  20515

Dear Representative McHenry:

On behalf of the Small Business and Entrepreneurship Council (SBE Council), I am pleased to support H.R. 1839, the “Reforming Access for Investments in Startup Enterprises (RAISE) Act of 2015.”  As you know, improving capital access and capital formation are priority issues for SBE Council and our members, and H.R. 1839 is an important bill that will help start ups and entrepreneurs.

Opening secondary markets is critical for entrepreneurs seeking capital. H.R. 1839 is a straightforward bill that would provide an established legal framework for secondary markets of restricted securities that would enhance market liquidity, thus capital access for entrepreneurial firms.

Thank you for your leadership on all your efforts to improve capital access for small businesses and entrepreneurs. SBE Council looks forward to working with you to advance H.R. 1839.

Sincerely,

Karen Kerrigan, President & CEO