When investment capital gets trapped on the coasts, Iowa small businesses pay the price.
The problem: Right now, small and mid-sized businesses are required to submit three years of audited financials opening their company to new investors, also known as an Initial Public Offering (IPO).
That’s costly red tape that shuts out Main Street.
The solution: Today, I introduced the bipartisan ELEVATE Act, a commonsense fix to reduce the reporting requirements and help Iowa businesses raise the capital they need to grow, hire, and innovate.
The ELEVATE Act would:
✅ Cut unnecessary reporting requirements for small IPOs
✅ Let startups file just two years of audited data
✅ Unlock capital to fuel growth, hiring, and innovation in Iowa
Bottom Line: I’ll keep fighting to ensure D.C. works for Iowa’s job creators, not just the big guys on the coasts.