Fincher Bill Included in New CFTC Reforms

Press Release

Today Congressman Stephen Fincher (R-Frog Jump) applauded the Commodity Futures Trading Commission (CFTC), for including his bill, the Energize Emerging Opportunities Act, in their recent reforms that would harmonize CFTC rules with SEC rules making it easier for private firms to raise cash by publicly advertising stakes in their funds. In response, he released the following statement:

"The American economy is in a fragile state. Any hurdle, fee, or foreign advantage, will cost the U.S. valuable jobs, which is why I am pleased to see the CFTC take this long-awaited action and include my bill, the Energize Emerging Opportunities Act, in their recent reforms. These commonsense changes to the rules for general solicitation take advantage of previous reforms I introduced that were enacted into to law by the JOBS Act, and will give companies the ability to grow and create more good-paying jobs for the American people."

Congressman Fincher introduced the Jumpstart Our Business Startups (JOBS Act), which was signed into law in 2012. The JOBS Act was a legislative package designed to jumpstart the American economy and restore opportunities for America's primary job creators: our small businesses, startups, and entrepreneurs.

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