{"database": "press", "table": "releases", "rows": [["http://www.moran.senate.gov/public/index.cfm/news-releases?ID=c6480a68-b86c-470a-833f-ddd1b9d6859a", "Sen. Moran and Bipartisan Group of Senators Call On SEC to Release Crowdfunding Rules", "2013-10-21", "2013", "2013-10", "Republican", "House", "KS", "Jerry Moran", "M000934", "www.moran.senate.gov", null, null, "legacy", "Washington, D.C. - Today, Senator Jerry Moran (R-Kan.) along with Senators Jeff Merkley (D-Ore.), Michael Bennet (D-Colo.), Mark Warner (D-Va.), Kelly Ayotte (R-N.H.), Jon Tester (D-Mont.), Pat Toomey (R-Pa.), and Mary Landrieu (D-La.) called on U.S. Securities and Exchange Commission (SEC) Chairman Mary Jo White to quickly issue rules governing crowdfunding activities. \u00a0\r\n\u201cThe legislation was signed into law on April 5, 2012, and in it Congress directed the SEC to publish rules on the crowdfunding provisions within 270 days of enactment,\u201d the Senators wrote. \u201cIt has now been over 530 days since the JOBS Act became law, and we have not seen a proposal from the SEC on crowdfunding.\u00a0 We are concerned that so much time has passed without action.\u201d\r\nTheir letter to Hon. Mary Jo White reads:\r\nOctober 21, 2013\r\nThe Honorable Mary Jo White  Chairman  U.S. Securities and Exchange Commission  100 F Street, NE  Washington, DC 20549\r\nDear Chairman White:\r\nWe write in response to recent news reports that the Securities and Exchange Commission (SEC) is nearing the point of proposing regulations on crowdfunding.\u00a0 Proposed regulations have been delayed significantly, and we urge the SEC to move forward with its proposal as soon as possible.\r\nThe Jumpstart Our Business Startups (JOBS) Act was adopted with bipartisan support in both the Senate and the House of Representatives. The legislation was signed into law on April 5, 2012, and in it Congress directed the SEC to publish rules on the crowdfunding provisions within 270 days of enactment.\u00a0 It has now been over 530 days since the JOBS Act became law, and we have not seen a proposal from the SEC on crowdfunding.\u00a0 We are concerned that so much time has passed without action.\r\nThe law provides a new financial market for entrepreneurs and startup companies to raise capital, while ensuring investors are protected. We respect and support the SEC\u2019s rulemaking role in structuring this new financial market. Done right and with input from entrepreneurs and investors, the SEC can create a marketplace that is trustworthy and achieves the goals of the crowdfunding provisions of the JOBS Act.\u00a0 In particular, we have heard from entrepreneurs who have created crowdfunding platforms and those who want to raise capital via this new mechanism, both of whom have been hurt by the delay.\r\nThe new marketplace is designed to provide a mechanism for small and new businesses to access capital crucial to job creation and growing our economy, while providing investors with opportunities to participate thoughtfully in these endeavors.\u00a0 We urge you to move quickly to propose rules on crowdfunding and thank you in advance for your prompt attention to this matter.\r\nSincerely,\r\n###", 1, "2026-03-30T12:14:52Z", "2026-03-30T12:14:52Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["http://www.moran.senate.gov/public/index.cfm/news-releases?ID=c6480a68-b86c-470a-833f-ddd1b9d6859a"], "units": {}, "query_ms": 1.3112460728734732, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}