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Oral Testimony Of SEC Chair Gary Gensler Before The United States Senate Committee On Banking, Housing, And Urban Affairs

Oral Testimony Of SEC Chair Gary Gensler Before The United States Senate Committee On Banking, Housing, And Urban Affairs
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Remarks To The Small Business Capital Formation Advisory Committee, SEC Commissioner Allison Herren Lee, April 30, 2021


Remarks To The Small Business Capital Formation Advisory Committee, SEC Commissioner Allison Herren Lee, April 30, 2021
Date
30/04/2021
Thank you, Carla [Garrett]. I want to thank the Committee for its work as always, and in particular to thank you all for revisiting the topic of increasing access to capital for underrepresented founders and increasing opportunities for diverse investors.
Your recommendation to the Commission last August urging us to promote opportunity for diverse founders and investors was a good step forward, and I’m pleased that you are now devoting additional time to helping us think through specifically how to tailor policy changes that can achieve that goal. There’s a lot of data revealing the problems that underrepresented and marginalized communities face,[1] and a fair amount of consensus that we need to do something about it.[2] But it’s difficult to craft concrete solutions. You are doing that work, and I’m grateful. I lo ....

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