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Oversight and Accountability

Timmons Introduces Legislation to Help Entrepreneurs Access More Capital

| Posted in Press Releases

Washington, DC — Congressman William Timmons (SC-04) recently introduced H.R. 4243, the Improving Capital Allocation for Newcomers (ICAN) Act of 2021. This bill modifies the Qualifying Venture Capital Fund Exemption under Section 3(c)(1) of the Investment Company Act of 1940 by increasing the cap from $10 million to $150 million and increasing the allowable number of investors from 250 to…

Timmons Statement on DOJs Paycheck Protection Program Fraud Enforcement Efforts

| Posted in Press Releases

Today, Acting Assistant Attorney General Brian C. Rabbitt of the Criminal Division announced new charges and progress in Paycheck Protection Program Fraud cases. Since the program was enacted, 57 people have been charged with Paycheck Protection Program fraud. Congressman William Timmons (SC-04) released the following statement: “I applaud the Department of Justice for taking…