Analysis

Congressional Scrutiny Adds Momentum For SPAC Oversight

By Tom Zanki (May 10, 2021, 11:47 AM EDT) -- Congress is showing interest in toughening transparency and investor protection requirements that govern special purpose acquisition companies, potentially adding pressure on regulators to increase oversight of these alternate funding vehicles that are disrupting capital markets.

Sen. John Kennedy, R-La., recently introduced a bill requiring "more explicit" disclosures of initial public offerings filed by SPACs, also called blank-check companies, regarding how much equity compensation SPAC founders receive and the dilutive effects on public investors.

The House Financial Services Committee has also scheduled a May 24 hearing examining whether more investor protections are needed for increasingly popular alternatives to traditional IPOs, focusing mainly...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!