§80c–1 Annual Government-business Forum on Capital Formation

Summary

The Securities and Exchange Commission must hold a yearly government-business meeting to examine problems and programs that affect how small businesses raise money. The SEC will run the meeting through its Office of the Advocate for Small Business Capital Formation and work with the Small Business Capital Formation Advisory Committee. It will invite other federal agencies (for example, the Department of the Treasury, the Board of Governors of the Federal Reserve System, and the Small Business Administration), groups for state securities regulators, and leading small business and professional groups to help plan the meeting. The SEC may ask those agencies or other groups or people to prepare reports and presentations, and they must cooperate. A written summary of the meeting and any findings or recommendations will be made and sent to participants, the appropriate Congressional committees, and others who want it. The SEC must review the forum’s findings and, each time the forum sends a finding or recommendation, promptly publish a public statement that explains the finding and says what action, if any, the SEC will take.