Political Quotes

“Mr. Chair, today I rise in support of H.R. 2357, the Accelerating-Access to Capital Act, which continues to build on the successes of the JOBS Act to stimulate capital formation for small businesses to help grow the economy and create good-paying jobs. Last week, I visited the Venture Center in Little Rock, Arkansas, with my good friend Mrs. Wagner, the lead sponsor of this bill. The Venture Center has been working with the public financial services IT company, Fidelity Information Systems (FIS) to launch the VC FinTech Accelerator, a program that will bring innovators and entrepreneurs from across the world to Little Rock. I had the pleasure of attending their Demo Day last month, where FIS and the Governor of Arkansas announced a two-year partnership with the program. This exciting program has only been active for a short time, but has already proven its ability to assist in our efforts to grow new technology jobs across the region. These start-ups, however, often face significant and costly hurdles to obtain funding in the capital markets that is necessary to continue to grow or go public, as the cost of securities regulation disproportionally falls on small companies. H.R. 2357 helps reduce some of this regulatory burden by making it easier for small companies to register with the Securities and Exchange Commission and creates a cost-effective way for small companies to raise capital through ``micro-offerings,'' so long as the sale meets certain criteria.…”