Political Quotes

“Mr. Speaker, I rise in strong support today of H.R. 1219, the Supporting America's Innovators Act, introduced by the gentleman from North Carolina (Mr. McHenry), the chief deputy whip. I am proud to have his leadership in promoting capital formation in our country. Yesterday, as he has noted, marks the fifth anniversary of the JOBS Act, which has had a positive impact on easing capital formation woes for small businesses and startups. I am proud to represent and have the opportunity to work every day with The Venture Center in Little Rock and its FinTech Accelerator program, and the innovation hub in North Little Rock and its medical technology innovation hub. These high-tech innovations, combined with angel funds, give good-paying job opportunities to people out in the heartland and not just on the East and West Coasts. But in order for these innovative startups to grow, they have got to have access to greater sources of angel capital, and raising capital in rural America is a challenge. Having helped design and offer private placements for emerging companies during my whole career, and participating in angel funds in 2 decades prior to coming to Congress, I know firsthand the importance of having a multitude of options for our small businesses to raise capital, no matter what their stage of formation. This bill builds on the success of the JOBS Act by providing an update to a limit set in 1940, Mr.…”