In remarks delivered in Florida, the U.S. Securities & Exchange Commission (SEC) Chairman set out a “make IPOs great again” agenda aimed at making it easier for companies to go public and remain public by reducing regulatory friction while maintaining investor protections. The plan has three pillars: modernising, rationalising and streamlining periodic disclosure reports to focus on information material to investors; reaffirming that corporate governance should be regulated by states rather than indirectly shaped through SEC disclosure requirements; and allowing public companies litigation alternatives while preserving a route for shareholders to bring meritorious claims. The Chairman framed the initiative as a response to decades of accumulated rulemaking and cited a fall from more than 7,800 U.S.-listed companies in the mid-1990s to roughly 40% fewer by the time he returned to the SEC as Chairman last year. The remarks described the SEC as already working to execute this agenda, but did not specify particular rule proposals, consultation steps, or implementation timelines.
U.S. Securities & Exchange Commission 2026-04-07
U.S. Securities & Exchange Commission Chair outlines three-pillar plan to streamline IPO disclosures, keep governance with states and expand litigation alternatives
The U.S. Securities & Exchange Commission Chairman outlined a “make IPOs great again” agenda to ease going and staying public by reducing regulatory friction while maintaining investor protections. The three-pillar plan focuses on streamlining periodic disclosures to material information, reaffirming state primacy over corporate governance, and permitting litigation alternatives for public companies while preserving shareholder access to meritorious claims, though no specific rule proposals were provided.