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H.R. 1312 — what changed

Small Business Capital Formation Enhancement Act

From Introduced in House to Reported in House. 1 section amended between Introduced in House and Reported in House.

Sec. 2 Annual review of government-business forum on capital formation

Section 503 of the Small Business Investment Incentive Act of 1980 (15 U.S.C. 80c–1) is amended by adding at the end the following:

“(e) The Commission shall—

“(1) review the findings and recommendations of the forum; and

“(2) each time the forum submits a finding or recommendation to the Commission, promptly issue a public statement—

“(A) assessing the finding or recommendation of the forum; and

changed “(B) disclosing the action, if any, the Commission intends to take with respect to the finding or recommendation.”recommendation.

added “(f) Forum findings—Nothing in this section shall require the Commission to agree to or act upon any finding or recommendation of the forum.”