ACG Applauds House Committee's Strong Bipartisan Support for The Investment Advisers Modernization Act of 2016


House Financial Services Committee approves H.R. 5424 by 47-12

CHICAGO, June 16, 2016 –-The following is a statement from Gary A. LaBranche, President & CEO for the Association for Corporate Growth®, the global organization representing 90,000 deal-making professionals who drive middle-market growth and create jobs across the country, regarding the House Financial Services Committee’s bipartisan approval to advance H.R. 5424, the Investment Advisers Modernization Act of 2016.

"This bipartisan legislation is critical for investors who provide billions of dollars every year to Main Street businesses and employ more than 15 million Americans. The bill’s thoughtful and modest reforms maintain important investor protections while modernizing the regulatory framework for advisers."

"On behalf of the 90,000 middle-market professionals who helped to invest $369 billion in the middle market last year, we applaud members of the House Financial Services Committee and their efforts to advance this critical legislation to the floor of the U.S. House of Representatives."

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About Association for Corporate Growth

Founded in 1954, ACG has 59 chapters across the globe. ACG’s worldwide network comprises 90,000 professionals within the middle market, including 14,500 members who serve as the investors, lenders, owners, executives and advisers to growing middle-market companies. ACG’s mission is to drive middle-market growth.