Sunday, March 11, 2012

Senate: passage not a question of if, but of when

In a recent Senate hearing, Spurring Job Growth Through Capital Formation While Protecting Investors, Part II, Senator Schumer made comments which are very encouraging for crowdfunding and capital formation for small businesses.

He made reference to the 6-pack of related House bills which were rolled into the JOBS Act (which overwhelmingly passed), and said the Senate can and will offer something comparable.  At 13m:40s in the video, you can hear the following quote from Senator Schumer, which hopefully presages real and meaningful reform:
“Passage in the Senate appears not to be a question of if, but of when...”
Now is the time to push for real action.  Please visit LegalizeCrowdfunding.org to find out how.

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