June 20, 2007

Dodd-Shelby Request Information from SEC and Treasury on S. 1624, Legislation on Private Equity Firms

Washington, D.C. – Senators Chris Dodd (D-CT) and Richard Shelby (R-AL), Chairman and Ranking Member of the Senate Banking Committee, today wrote to the Securities Exchange Commission and Treasury Department to request their assessment of S. 1624, legislation introduced by Senators Baucus and Grassley on private equity firms.
    “As Chairman and Ranking Member of the Committee on Banking, Housing and Urban Affairs, we have a strong commitment to promoting capital formation and protecting investors in America’s securities markets,” wrote Dodd and Shelby in a letter to Chairman of the U.S. Securities and Exchange Commission Christopher Cox and U.S. Treasury Secretary Henry Paulson. “This legislation has raised many questions from interested parties about its impact on the capital markets if it were enacted into law. Pursuant to our oversight of these markets, we are seeking more information about such impact.”
Click here for the letters sent to Chairman Cox and Secretary Paulson.