Sometimes as a reporter you realize that there are topics on which others are far more well-versed than you. This is one of those times.
Joe Carcello, a University of Tennessee Department Head and EY and
Business Alumni Professor in the Department of Accounting and Information Management, is the former Audit Committee chairman for Knox County – and one sharp guy.
He made a trip up to D.C. this week to talk about protections for investors vs. making it easier for small business to get investors.
The making-it-easier part would deal in part with publicly-traded companies and the regulations they have to face from the SEC – and all this is put really simply, mind you. Carcello, for his part, leans toward that of the investor advocate: if the protections are removed for these smallish businesses (and we’re not talking about the local hardware store or ice cream shop here), then investors can potentially be open for more risk.
Anyway, for those who want to know more about what the House financial services committee did or heard on Wednesday, here’s the link to their hearing landing page, with bios and some briefings. What grabs me – as is the case with nearly all legislation in Congress – is the tidy names each of the proposed bills have. So often they are not an accurate indication of what lies within the bill itself. Not saying that’s the case here, but the titles of legislation has humored me for years.