On the recordNovember 3, 2011
I feel like I'm having a dream, and in that dream my colleague, Patrick McHenry, has legislation on the floor, and President Obama has endorsed that legislation. I feel like I ought to wake up and find out that that was a dream. But in reality, it's actually what's happening here today. I told Mr. McHenry that I would like unanimous consent to ask that we call this the McHenry-Obama friendship bill, but I won't do that. Let me say this: The President did issue a statement yesterday, and in that statement, it says that the administration supports House passage of H.R. 2930. It goes on to say, in the President's September 8 address to the Joint Session of Congress on jobs and the economy, he called for cutting away redtape that prevents many rapidly growing startup companies from raising needed capital, including through crowdfunding exemption from the requirement to register public securities offerings with the Securities and Exchange Commission. He goes on to say that he believes that this bill will make it much easier for entrepreneurs to raise capital and create jobs. And it will. Last night, I was at a Faith & Politics dinner where our friends, Congressman Steny Hoyer and Senator Roy Blunt, were receiving the John Lewis-Amo Houghton Award. As we know, both those colleagues are bridge builders.…
Source
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