Comment Letter on Legislative Proposals to Increase Investor Access and Facilitate Capital Formation

Dear Chairman Hill:

I am writing briefly in response to the House Financial Services Committee’s general request for public feedback on legislative proposals to increase investor access and facilitate capital formation—and specifically to various questions posed to the broader public in regards to access to capital, investor access and participation, public markets and company lifecycle, and technology and AI in capital markets. I want to applaud the committee for focusing on capital formation and public markets and advancing so many ideas that could facilitate both investor protection and job creation.

Although these comments do not reflect the entirety of my thoughts in these areas, let alone my full public writings regarding these issues, I hope they can help frame some of the issues I have researched to assist the committee. I have focused my thoughts here on two of the topic areas under consideration: investor access and participation, and public markets and company lifecycle. I of course am available to committee members and staff to further explore these areas in more detail as well as any of the topics before the committee. I have also appended a selected list of my writings germane to the committee’s purview and the issues under current consideration, including prior testimony, regulatory comment letters, reports, articles, and commentary.

James R. Copland is a senior fellow at the Manhattan Institute and director of Legal Policy. 

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