ICI Pushes Senate to Advance Bipartisan INVEST Act for Capital Formation
Event summary
- ICI's Erica Richardson published an op-ed urging Senate to pass the bipartisan INVEST Act, approved by the House.
- The INVEST Act aims to strengthen capital formation by helping companies raise capital and expanding investment opportunities.
- Regulated funds manage $45 trillion, holding significant portions of U.S. corporate equities, bonds, and municipal securities.
- Bond funds have attracted $1.4 trillion in inflows over the past five years, supporting affordable financing for businesses and governments.
The big picture
The INVEST Act seeks to bolster the U.S. capital markets' role in driving economic growth by facilitating capital formation. With $45 trillion in assets under management, regulated funds are pivotal in financing business expansion and municipal projects. The legislation aims to strengthen this framework amid global competition for capital, ensuring the U.S. maintains its leadership in capital markets.
What we're watching
- Legislative Progress
- Whether the Senate will prioritize and pass the INVEST Act, given bipartisan support in the House.
- Capital Market Dynamics
- How the INVEST Act could enhance the flow of capital to small and mid-sized businesses, fostering economic growth.
- Regulatory Framework
- The impact of modernized disclosure practices on investor confidence and market transparency.
Related topics