Take a stand with Grant Thornton in urging Congress and the SEC to hold immediate hearings to understand why the U.S. markets have shed listings faster than any other developed market. Advocate for solutions that, together with thoughtful oversight, will advance the U.S. economy, create high-quality jobs, improve U.S. competitiveness, increase the tax base, and decrease the U.S. budget deficit — all without major expenditures by the U.S. government.
Step 1: Email The House Financial Services Committee and The Senate Committee on Banking, Housing & Urban Affairs.
- Copy and paste the supportive message below into the “comment” field for The House Financial Services Committee, Rep. Barney Frank (MA), Chairman, and the Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises, Rep. Paul E. Kanjorksi (PA), Chairman, by clicking HERE.
- Copy and paste the supportive message below into the “message” field for The Senate Committee on Banking, Housing & Urban Affairs, Christopher J. Dodd (CT), Chairman, by clicking HERE.
Step 2: Email your local Representative and Senator.
- To find your local Representative’s contact details, click HERE and copy and paste the supportive message below into the “text of message” field.
- To find your local Senator’s contact details, click HERE and copy and paste the supportive message below into the “text of message” field.
Supportive message:
I am writing today to urge you to take immediate action to address the systemic failure in the U.S. stock markets, as evidenced by the steep decline in the number of publicly listed companies. The decline has inhibited economic recovery, worsened the job market, and undermined U.S. competitiveness.
Outlined in Grant Thornton’s recent study, A wake-up call for America, the issue requires immediate attention, including Congressional hearings to explore why the U.S. listed markets have shed listings faster than any other developed markets. I strongly urge Congress to consider the following two initiatives proposed in the Grant Thornton study; together with thoughtful oversight, they will advance the U.S. economy, grow jobs, better protect consumers, and reduce the deficit — all with no major expenditures by the U.S. government:
- Alternative Public Market Segment: A public market solution that provides an economic model to support the “value components” (research, sales and capital commitment) in the marketplace. This solution would establish a new market segment that benefits from a fixed spread and commission structure. It would be subject to traditional SEC registration and reporting oversight (e.g., annual and quarterly reporting, Sarbanes-Oxley compliance).
- Enhancements to the Private Market: A private market solution that enables the creation of a qualified investor marketplace consisting of both institutional investors and large accredited investors that allows issuers to defer many of the costs associated with becoming a public company before they are ready for an IPO.
Thank you for considering my view.
Respectfully,
Thank you for urging Congress to take action.