On Dec. 18, 2019, the Securities and Exchange Commission (SEC) voted to propose amendments to the definition of “accredited investor,” one of the principal tests for who is eligible to participate in private capital markets. The proposed rule—Amending the “Accredited Investor” Definition—seeks to update and improve the definition to more effectively identify institutional and...
On Feb. 10, President Trump released his Fiscal
Year (FY) 2021 Budget proposal which details plans for defense and
non-defense discretionary spending. The budget blueprint outlines $4.8 trillion
in annual spending and estimates the deficit would be cut in half by 2024,
however such a drop is unlikely given the steep spending cuts Trump proposed
for many agencies and somewhat unrealistic...
Late last week, Senate Committee on Small Business and Entrepreneurship Chair Marco Rubio sent a letter to SBA Administrator Jovita Carranza calling for a delay to an interim final rule on SBA express loans.
In his letter, he states, “I am deeply concerned that this
rule will have a detrimental impact on America’s 30 million small...
The House Committee on Small Business is holding two
hearings this week: one on innovation and small-business collaboration with
universities; the other on employee-owned small businesses.
ON Tuesday, Feb. 11, the Committee held a hearing, “The
Innovation Pipeline: From Universities to Small Businesses,” focusing on the close
relationships and frequent collaboration between small businesses and research