Senator Moran Joins Colleagues in Introducing Capital Markets Reforms Legislation

US Senator Jerry Moran of Kansas joined his colleagues in introducing comprehensive legislation to revitalize businesses and open up capital markets to all Americans.

The Empowering Main Street in America Act would empower, support and foster growth by providing streamlined access to funding through capital markets system, which can be used to innovate, create jobs and accelerate economic growth.

"American entrepreneurship is unmatched anywhere in the world, and our capital markets help small businesses succeed," said Senator Moran. "This legislation would make tremendous strides in removing red tape and expanding capital markets, and it also includes my legislation, which would help more investors play a role in bolstering start-up companies."

Senator Moran was joined by Senators Tim Scott of South Carolina, Mike Crapo of Idaho, Mike Rounds of South Dakota, Thom Tillis of North Carolina, John Kennedy of Louisiana, Bill Hagerty of Tennessee, Cynthia Lummis of Wyoming, Katie Britt of Alabama, Kevin Cramer of North Dakota and Steve Daines of Montana in introducing this legislation.

This legislative package included legislation Senator Moran had previously introduced – the Expanding American Entrepreneurship Act – which would expand the permitted size of angel funds to allow for a higher number of investors in start-up companies.

Additionally, Senator Moran's legislation the SEED Act was included in this package and would amend the Securities Act to provide any issuer, offering no more than $500,000 worth of securities annually, with a micro-offering exemption free of mandated disclosures and offering filings.

(Information courtesy Senator Moran's Office.)