After a slow week, things will pick up significantly as the House Financial Services Committee holds a markup on several bills that would likely be included in a JOBS Act 2.0, including legislation that would:
- Ease regulations on business development companies;
- Ease regulatory burdens on small M&A advisers; and
- Authorize a pilot program for increased tick size for emerging growth companies.
Also of note, the Private Equity Growth Capital Council released its quarterly private equity performance update and the CFTC released its re-proposed rules on position limits.
The President
The President continued to be on the defensive about glitches with the software for people to sign up under the Affordable Care Act. The President tried pivoting to comprehensive immigration reform, but expect ACA issues to continue to dominate the week.
Last week the Office of Management and Budget issued a veto threat for H.R. 2374, the Retail Investor Protection Act, and issued a Statement of Administration Policy in opposition to H.R. 922, the Swaps Regulatory Improvement Act. Both measures passed the full House of Representatives by wide margins last week.
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