Reps Fincher, Delaney Introduce Bipartisan IPO 2.0 Bill to Help Accelerate American Job Growth

For Immediate Release
 Elizabeth Lauten, (202) 225-4714 (Fincher)
Will McDonald, (202) 225-2721 (Delaney)

Washington, D.C. – Today, Congressman Stephen Fincher (R-Tenn.) and Congressman John Delaney (D-Md.) reached across the aisle and joined together to introduce H.R. 3623: Improving Access to Capital for Emerging Growth Companies Act, which focuses on accelerating the ability of companies to enter into Initial Public Offerings (IPOs).  

Congressman Fincher: “Our country is in dire need of good-paying jobs. Congress needs to be doing all that it can to encourage a healthy, job-creating economy. With this bill, further improvements to the IPO on-ramp will allow small emerging growth companies to continue expanding, leading to more, quality American jobs.”

Congressman Delaney: “When startups and small businesses go public we often see explosive job growth. As a former entrepreneur and CEO of two publicly traded companies, I’m proud to partner with Congressman Fincher on this bipartisan legislation. Streamlining the IPO process will help make our economy more competitive, encourage expansion, and give investors more diverse options.”

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 and was signed into law in 2012. Congressman Fincher is a managing partner in Fincher Farms, a seventh generation West Tennessee based agribusiness. Stephen has been in agribusiness his entire life and knows firsthand the regulations and setbacks America’s businesses face. Fincher services on the Financial Services and Agriculture Committees. Tennessee’s 8th Congressional District includes the cities of Memphis, Jackson and Frog Jump in West Tennessee.

Congressman John K. Delaney (MD-6) is the only former CEO of a publicly traded company in Congress. Congressman Delaney founded and led two NYSE-listed financial services companies before the age of forty and is a past winner of the Ernst & Young Entrepreneur of the Year Award. In 2010, Delaney’s company, CapitalSource, received the Bank Enterprise Award from the Treasury Department for lending to disadvantaged communities. Delaney serves on the Financial Services and Joint Economic Committee. Maryland’s Sixth District includes the Washington D.C. suburbs and Western Maryland

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