In our recent commentary “Dodd-Frank: Ripe for Repeal,” we highlighted the destructive effect of that law and the need for repeal by the Trump Administration. In a piece entitled “Snap Goes the Market,” today’s Wall Street Journal highlights Snap Inc.’s initial public offering (IPO) and provides some stark numbers on the matter:
Last year, there were only 105 IPOs on U.S. exchanges, the fewest since 2009. One reason is that the regulatory costs of going public – mainly imposed by Sarbanes-Oxley but also Dodd-Frank – can outweigh the benefits. Amazon went public in 1997, three years after launching. Snap waited six.”
This is low-hanging fruit and a no-brainer for the Trump Administration in its continuing effort to cut harmful overregulation and improve our economy. There’s no reason whatsoever for delay.