Congressman Fincher Introduces the Energize Emerging Opportunities Act

FOR IMMEDITATE RELEASE                                                    Contact: Elizabeth Lauten
Thursday, April 2, 2014                                                                 Phone: (202) 225-4714

Washington, D.C. – Congressman Fincher (R-Frog Jump) today introduced the Energize Emerging Opportunities Act. The bill requires the Commodity Futures Trading Commission (CFTC) to harmonize their rules for general solicitation and marketing with rules of the Securities and Exchange Commission (SEC). 

The Jumpstart Our Business Startups Act, passed by the House and Senate and signed into law in 2012 directed the SEC to provide an exemption for general solicitation and marketing for companies.  This legislation corrects an oversight and harmonizes the rules of the CFTC with the SEC.

“The U.S. economy is in a fragile state, any hurdle, fee, or foreign advantage, will cost the U.S. economy valuable jobs,” said Fincher. “It is time we act to remove barriers that hinder growth and unleash the economic engine in this country."

“This legislation will clarify and harmonize the CFTC and SEC rules so emerging companies will have a clear understanding of the rules and the ability to fully participate in growing the economy.”

Congressman Stephen Fincher (TN-8) is the original author of Title I of the bipartisan JOBS Act, which created the category of the Emerging Growth Company. Since the JOBS Act was enacted into law in April 2012, 561 companies have gone public as emerging growth companies, which is 84% of all IPOs according to the SEC.

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