U.S. small-business growth is being stunted by regulators’ delay in issuing rules to permit so- called crowdfunding and other means of raising capital, company owners and academics will tell lawmakers today. The House Small Business Committee is holding a hearing in Washington to examine Securities and Exchange Commission work to implement the Jumpstart Our Business Startups Act, signed into law last year with the goal of spurring job creation. The SEC has missed deadlines for rules including ones that would let hedge funds advertise for investors and allow startups to raise money over the Internet.
To read the original article: SEC’s Crowdfunding Delay Faulted for Stunting Businesses’ Growth - Bloomberg
