Small business leaders in the Main Street Alliance network sent an open letter to U.S. Senators urging them to amend the Jump-start Our Business Start-ups Act that passed the House recently. In the letter, they wrote:
"Rolling back basic transparency rules, like SEC registration, won’t help small businesses. Instead, it will tilt the playing field toward unscrupulous actors who are looking to game the system. That sounds like recreating the same atmosphere that brought about the 2008 financial crisis. We urge you not to do that."