WASHINGTON, D.C. – Congressman Brett Guthrie (KY-02) this week voted for two bills to ease certain regulatory burdens for small businesses to improve their ability to access capital investment.

H.R. 2357, the Accelerating Access to Capital Act of 2016, and H.R. 5424, the Investment Advisers Modernization Act of 2016, make technical changes to Securities and Exchange Commission (SEC) rules for how small businesses register securities with the agency and update private investor disclosure requirements. Together these two bills cut the red tape that is holding back investment in smaller companies and ultimately slowing down economic growth.

“We must continue to work hard in Congress to get the federal government out of the way of small business owners who want to expand and create new jobs,” said Congressman Guthrie. “I hear from my constituents on a regular basis that compliance costs have skyrocketed under the Obama Administration, making it very difficult to invest in growth and new opportunities. These bills take a step toward unleashing greater investment in small businesses across Kentucky.”

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