S. 416 — rcs

II 115th CONGRESS 1st Session S. 416 IN THE SENATE OF THE UNITED STATES February 16, 2017Mr. Donnelly (for himself and Mr. Tillis) introduced the following bill; which was read twice and referred to the Committee on Small Business and Entrepreneurship March 7, 2017Committee discharged; referred to the Committee on Banking, Housing, and Urban Affairs A BILL To amend the Small Business Investment Incentive Act of 1980 to require an annual review by the Securities and Exchange Commission of the annual government-business forum on capital formation. 1. Short title This Act may be cited as the Small Business Capital Formation Enhancement Act. 2. Annual review of government-business forum on capital formation Section 503 of the Small Business Investment Incentive Act of 1980 (15 U.S.C. 80c–1) is amended by adding at the end the following: (e) The Commission shall— (1) review the findings and recommendations of the forum; and (2) each time the forum submits a finding or recommendation to the Commission, promptly issue a public statement— (A) assessing the finding or recommendation of the forum; and (B) disclosing the action, if any, the Commission intends to take with respect to the finding or recommendation. .