joined ... in introducing the Encouraging Public Offerings Act to limit regulatory risk that holds companies back from engaging with the U.S. Securities and Exchange Commission (SEC) in the Initial Public Offering (IPO) process.
Support legislation to reduce regulatory risk for companies going public by making the IPO registration process more confidential and less burdensome.
Occurrences
Evidence
The White House said the JOBS Act makes it easier for companies to go public by creating an easier path to IPO registration for emerging growth companies and reducing disclosure burdens.
Le Monde reported that SpaceX's recent IPO raised a record amount and highlighted Wall Street's continuing ability to fund large private companies when they go public.
Assessments
The 2012 JOBS Act implemented the core promised policy by allowing a more confidential IPO registration path and reducing disclosure burdens for emerging growth companies, and it became law while Van Hollen was serving in federal office. Because the pledge was to support this type of legislation rather than to single-handedly enact it, the matching law's passage in the same term is enough for full delivery on the provided evidence, even though the record here is stronger on policy enactment than on his individual role.