Tweaks proposed to Dodd-Frank to support small businesses

Tweaks proposed to Dodd-Frank to support small businesses

The U.S. House Financial Services Committee (FSC) approved four bills designed to encourage capital formation and amend gaps in Dodd-Frank. The most popular bill in both the House and Senate  reduces regulatory burdens on small companies, enabling them to raise capital and go public. The White House, which called for reforms to drive small business group, also supports the measure.

The proposed ruling establishes a new category of companies, “emerging growth companies.” These companies are defined as having less than $1 billion in annual revenues upon registration with the Securities and Exchange Commission (“SEC”). The law would provide the companies with an “on-ramp,” encouraging they go public before full compliance with SEF regulations. The regulations would be phased in over a five-year period, or until the company could afford the costs.

The committee approved the measure in a 54-1 vote. The U.S. House of Representatives will now vote on the bill.

Read more about the proposed measure.

© David Paul Ohmer

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About The Author


Felix Shipkevich

Felix Shipkevich

Mr. Shipkevich’s practice focuses on regulatory, transactional, and enforcement matters in the fields of futures, commodities, and derivatives. He works with Futures Commission Merchants (FCMs), Retail Forex Exchange Dealers (RFEDs), Introducing Brokers (IBs), Commodity Pool Operators (CPOs), Commodity Trading Advisors (CTAs), Swap Dealers (SDs), Swap Execution Facilities (SEFs), and domestic and offshore hedge funds. Mr. Shipkevich guides clients on procedures related to registration with the U.S. Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA), as well as domestic and international regulators in local jurisdictions. Mr. Shipkevich prepares and helps implement compliance, anti-money laundering (AML), and Electronic Trading Systems (ETS) procedures for clients in the commodities and derivatives fields.

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