(Reuters) –
Republican members of the House of Representatives criticized top officials at
the Securities and Exchange Commission on Thursday for missing congressionally
mandated deadlines to complete new rules designed to help small businesses
raise capital.
In a hearing that at
times grew tense, several Republicans on a House small-business panel vented
their frustrations after they did not get clarity from the SEC on when the
rules would be completed.
"The SEC
expects reporting companies as their regulator to respect their deadlines. Congress
is your regulator. Is it fair for us to expect you to respect our
deadlines?" asked Michigan Representative Kerry Bentivolio. View Full Story
