
“How does the SEC expect average Americans to take the time to make thoughtful financial investments when the average annual report from public companies is a whopping 42,000 words long? Later today, the House will take up my bill to make SEC filings simpler and more useful for average Main Street investors. This will make it easier for everyone to reach their financial goals.” Rep. Scott Garrett
Sep 30, 2015
the staff of the Ridgewood blog
WASHINGTON, D.C. – Rep. Scott Garrett (NJ-05), Chairman of the Financial Services Subcommittee on Capital Markets and Government-Sponsored Enterprises, today voted for a number of bills before the Financial Services Committee to preserve the ability of American families to access credit and invest for their future:
“Around dinner tables throughout the country, middle and lower income American families discuss their retirement savings as they plan for the future. Unfortunately, many provisions of Dodd-Frank and proposed rules by the Obama Administration are putting more government, more red tape, and more bureaucracy between these people and their financial goals. Today our committee passed a number of bills—many with bipartisan support—to ensure that everyone can access credit, get good financial advice, and invest for retirement.”
The House Financial Services Committee passed the following bills today:
H.R. 414, the “Burdensome Data Collection Relief Act”
H.R. 957, the “Bureau of Consumer Financial Protection-Inspector General Reform Act of 2015”
H.R. 1090, the “Retail Investor Protection Act”
H.R. 1266, the “Financial Product Safety Commission Act of 2015”
H.R. 2769, the “Risk-Based Capital Study Act of 2015”