Date: April 28, 2014
Issue: JOBS Act
To: The Honorable Randy Hultgren
Filing Type: Hill
Description: The Encouraging Employee Ownership Act of 2014 would modernize the Rule 701 threshold by raising it to $20 million and, importantly, would adjust the threshold for inflation every five years. This would ensure that Rule 701 remains a viable provision for businesses to use in the future, decrease the likelihood of unnecessary regulatory requirements, and give more employees the ability to become shareholders of the company where they are employed.