Washington D.C. — The Securities and Exchange Commission’s Small Business Capital Formation Advisory Committee has officially announced that it will convene for a public meeting on Tuesday, October 27, 2026, beginning at 10 a.m. Eastern Time. The upcoming session is designed to continue high-level discussions surrounding initial public offering (IPO) modernization while actively exploring potential policy changes to Regulation Crowdfunding, a framework critical to early-stage enterprises across the United States.
The meeting will be open to the public, offering both in-person attendance at the agency’s headquarters located at 100 F Street, N.E. in Washington, D.C., and virtual participation. For stakeholders, market participants, academics, and observers unable to travel to the nation’s capital, the entire discussion will be streamed live on the official SEC website, SEC.gov, ensuring broad accessibility and transparency regarding regulatory considerations impacting emerging businesses.
Building directly upon ideas, feedback, and insights generated during prior committee meetings, the agenda for the upcoming session is structured to address two primary pillars of the entrepreneurial finance ecosystem: encouraging more private companies to transition into the public markets, and optimizing the mechanisms that allow smaller ventures to secure early-stage seed capital from the public.
During the morning session, committee members will focus heavily on ways to encourage a greater number of companies to go public, a trend that has seen significant structural shifts over recent decades. The committee will consider comprehensive ways to modernize the traditional IPO process to make it more efficient, cost-effective, and attractive to growing enterprises. Furthermore, potential regulatory reforms will be evaluated to improve the overall offering process, streamline and update IPO communication rules, and bolster analyst coverage and support for newly public entities, which many market participants view as essential for maintaining healthy secondary market liquidity and investor interest.
Shifting focus in the afternoon, the committee will turn its attention toward Regulation Crowdfunding, commonly referred to as Reg CF. Members will carefully examine the current regulatory framework governing this specific exemption, evaluating its successes to date, the persistent challenges faced by issuers and platforms alike, and whether there are viable policy changes to Reg CF that could improve the exemption. The ultimate goal of this segment is to further expand access to early-stage capital raising for innovative businesses that often struggle to secure traditional venture capital or bank financing.
To facilitate a robust, well-informed discussion and deepen the committee’s practical understanding of the evolving Reg CF landscape, members are scheduled to hear from several experienced professionals actively working within the crowdfunding space. These invited guest speakers will bring real-world perspectives, operational insights, and frontline data regarding how the current regulatory exemptions function on the ground, helping committee members weigh potential policy adjustments against practical market realities.
The Small Business Capital Formation Advisory Committee operates as a vital advisory body, providing ongoing advice and substantive recommendations to the SEC regarding rules, regulations, and broader policy matters relating specifically to small businesses and their ability to raise capital in domestic markets. By bringing together diverse perspectives from founders, investors, legal experts, and market infrastructure providers, the committee serves as an official bridge between the entrepreneurial community and federal regulators.
Those interested in reviewing the specific schedule of topics, panel participants, and administrative details can view the full agenda by visiting the SEC’s official meeting events page, ensuring they have access to the most up-to-date information ahead of the October 27 session.
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