By Ramsey Cox
“Proposed regulations have been delayed significantly, and we urge the SEC to move forward with its proposal as soon as possible,” the senators wrote. “We urge you to move quickly to propose rules on crowdfunding.”
Bennet and Merkley — who were lead sponsors on the CROWDFUND Act — said SEC rules are necessary because mechanisms for small businesses to access capital are vital for job creation and economic growth.
The senators were prompted to send the letter because reportedly, the SEC will soon release the regulations.