ASA Applauds Financial Services Markup of Capital Formation and E-Delivery Legislation

WASHINGTON – The American Securities Association (ASA) today sent a letter to the House Financial Services Committee urging Congress to advance small business capital formation and e-delivery legislation.

“ASA applauds Chairman Hill and the Committee for advancing common sense measures that will ease the burden on small businesses to access our public capital markets and to streamline electronic delivery of investor information,” said ASA President and CEO Chris Iacovella. “We look forward to working with the Committee and Congress to get these bills to President Trump’s desk.”

In the letter, ASA outlined its support for the following legislation:

·    H.R. 3323, the Helping Startups Continue to Grow Act

·    H.R. 3381, the Encouraging Public Offerings Act of 2025 and H.R. 3301, a bill to amend the Securities Exchange Act of 1934 to specify certain registration statement contents for emerging growth companies, to permit issuers to file draft registration statements with the Securities and Exchange Commission for confidential review

·    H.R. 2441, the Improving Disclosure for Investors Act of 2025

·    Legislation to expand the definition of accredited investor

To read ASA’s full letter to the Committee, click here.

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The American Securities Association (ASA) represents the retail and institutional capital markets interests of regional financial services firms who provide Main Street businesses with access to capital and advise hardworking Americans how to create and preserve wealth. ASA’s mission is to promote trust and confidence among investors, facilitate capital formation, and support efficient and competitively balanced capital markets. This mission advances financial independence, stimulates job creation, and increases prosperity. The ASA has a geographically diverse membership of almost one hundred members that spans the Heartland, Southwest, Southeast, Atlantic, and Pacific Northwest regions of the United States.