In the Press
October 28, 2022

Midterms Could Sway Capital Markets Agenda In Congress (Law360)

The coming midterm elections could shape what kind of capital markets legislation Congress chooses to prioritize, with both parties pushing divergent views on how lawmakers should move forward during a time of aggressive securities regulation. Republicans want to relax rules on private and public fundraising, arguing that regulatory burdens are hindering U.S. capital markets. GOP Senate Banking Committee members earlier this year pushed draft legislation tying together several ideas under the banner of "Jobs Act 4.0," named after the original Jumpstart Our Business Startups Act of 2012 that has since been amended several times. "Depending on macroeconomic conditions, I could see a bill potentially signed by Biden," said Sean Donahue, Public Company Advisory practice chair and a former attorney in the U.S. Securities and Exchange Commission's Division of Corporate Finance, told Law360