§80c–1 Annual government-business forum on capital formation

Summary

The Securities and Exchange Commission must hold a yearly government-business meeting to look at problems and programs for getting money to small businesses. It will run the meeting through its Office of the Advocate for Small Business Capital Formation and with advice from its Small Business Capital Formation Advisory Committee. The SEC must invite other federal agencies and groups (for example, the Treasury, the Federal Reserve Board, the Small Business Administration, state securities groups, and major small-business and professional organizations) to help plan the meeting. The SEC can ask those groups or others to prepare reports or statements for the meeting, and they must cooperate. A summary of the meeting and any findings or recommendations must be sent to participants, the right Congressional committees, and others who want it. The SEC must review the forum’s findings and, whenever the forum sends a finding or recommendation, quickly issue a public statement saying what it thinks and what action, if any, it plans to take.