Political Quotes

“Mr. Speaker, I, too, want to add my congratulations to Mr. MacArthur for continuing to find ways to improve Mr. Obama's and this committee's excellent work on the JOBS Act from some 8 years ago. We have learned a lot. We have seen the benefits of the JOBS Act, and today we have a chance to make it even better by improving Reg. A+. I appreciate Mr. MacArthur's personal story about his entrepreneurship and how this is an opportunity for more investors in our country and more capital for our entrepreneurs. Mr. Speaker, this week I attended a meeting where people asked: Why do we need more public companies? Gosh, that is an easy rhetorical question. Because we have half the number of public companies we had during the Reagan administration, and we need them for our young people to invest in. We need them for our union workers to have an earning asset in their pension fund. So we need more public companies in this Nation to share the growth and prosperity of this Nation. That is what this legislation is all about. I thank Mr. MacArthur for his very straightforward, bipartisan, commonsense increase in the authority from $50 million to $75 million for young, growing companies to raise money under Reg. A+. Former SEC Commissioner Dan Gallagher advocated the increase in the offering threshold to even $100 million before the SEC adopted their final rule. {time} 1445 Mr.…”