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Bi-Partisan Group of Senators Writes to SEC to Demand Crowdfunding Action

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A bi-partisan group of Senators consisting of Jeff Merkley (D-OR), Jerry Moran (R-KS), Michael Bennet (D-CO), Mark Warner (D-VA), Kelly Ayotte (R-NH), Jon Tester (D-MT), Pat Toomey (R-PA), and Mary Landrieu (D-LA) has written an open letter to SEC Chair Mary Jo White, asking that the SEC adopt regulations to implement crowdfunding as contemplated by the 2012 JOBS Act.

As the letter points out, the law required the SEC to adopt regulations within 270 days after enactment. It has been more than 530 days and the SEC has not completed the task.

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Rafael Mangual
Project Manager,
Legal Policy

Manhattan Institute


Published by the Manhattan Institute

The Manhattan Insitute's Center for Legal Policy.