October 30, 2013–Written testimony of NASAA Deputy General Counsel Rick Fleming, delivered to the Senate Banking Subcommittee on Securities, Insurance and Investment Subcommittee providing an overview of the current status of NASAA’s work in designing a new multi-state review process for offerings conducted under Title IV of the JOBS Act, including a one-stop, filing process for “Regulation A+” and to offer NASAA’s views on Title II of the JOBS Act, which lifted the long-standing ban on general solicitation, Title III’s crowdfunding provisions and NASAA’s views of the SEC’s proposed rules and other JOBS Act-related issues.
All: Legislative Activity
October 23, 2013 – Written testimony of NASAA Past President and Arkansas Securities Commissioner A. Heath Abshure Arkansas, delivered to the House Committee on Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises, providing NASAA’s views on various capital formation proposals informally referred to “JOBS Act 2.0”.
The JOBS Act: The Importance of Prompt Implementation for Entrepreneurs, Capital Formation, and Job Creation
September 13, 2012 – Written statement of NASAA President Heath Abshure, provided to the House Financial Services Subcommittee on Capital Markets and the House Oversight Subcommittee on TARP, Financial Services, and Bailouts, outlining NASAA’s views on the current status of rulemakings under JOBS Act Titles II (General Solicitation and Advertising in Rules 506/144A), III (Crowdfunding) and IV (Regulation A+) of the Act issued as part of a hearing on JOBS Act implementation.
June 6, 2012 – Written testimony of Texas Securities Commission John Morgan, delivered before the House Financial Services Committee, outlining NASAA’s opposition to H.R. 4624, the Investment Advisor Oversight Act of 2012.
December 21, 2011 The Honorable Tim Johnson Chairman Senate Committee on Banking, Housing, & Urban Affairs 534 Dirksen Senate Office Building Washington, DC 20510 The Honorable Richard ShelbyRanking MemberSenate Committee on Banking,Housing, & Urban Affairs534 Dirksen Senate Office BuildingWashington, DC 20510 Dear Chairman Johnson and Ranking Member Shelby: On behalf of the North American Securities Administrators Association (NASAA) I amwriting […]
December 1, 2011 – Written testimony of NASAA President Jack Herstein, delivered to the Senate Committee on Banking, Housing, and Urban Affairs, outlining NASAA’s position that the states are best positioned to oversee small business capital formation, including crowdfunded offerings.
September 21, 2011 – Written testimony of Arkansas Securities Commissioner Heath Abshure, delivered to the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, outlining the unintended consequences investors could face from legislative efforts to loosen regulations on how new and small businesses raise money.
Ensuring Appropriate Regulatory Oversight of Broker-Dealers and Legislative Proposals to Improve Investment Adviser Oversight
September 13, 2011 – Written testimony of Pennsylvania Securities Commissioner Steven Irwin, delivered to the House Financial Services Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, expressing NASAA’s opposition the creation of an SRO to oversee state regulated investment advisers.
113th Congress (2013-14) 12/04/13 NASAA Letter to House Leadership Regarding H.R. 1105, the Small Business Capital Access and Job Preservation Act 08/02/13 NASAA Letter to Rep. Keith Ellison (D-MN) regarding H.R. 2998, the Investor Choice Act of 2013 06/18/13 NASAA Letter to House Financial Services Committee Chairman and Ranking Member regarding H.R. 1105, […]