James Hill: “I thank Mrs. Wagner for her work as our subcommittee chair of Capital Markets in this Congress. I thank our vice…”

“I thank Mrs. Wagner for her work as our subcommittee chair of Capital Markets in this Congress. I thank our vice chairman of the full committee that you will hear from tonight, the gentleman from Michigan (Mr. Huizenga) who for three Congresses served as chair of Capital Markets or ranking member on this subcommittee. This work tonight represents over a decade of effort on a bipartisan basis, both sides of the aisle, to advance economic growth for our citizens, and for our businesses by advancing their ability--at a lower cost, in a more effective way--of raising money from working out of their garage and crowdsourcing their idea to bring their idea to life, through angel investing all the way through to lowering the cost to be a public company. Mr. Chairman, exactly 1 year ago this week, when I aspired to serve as chair of the House Financial Services Committee, I asked my colleagues: Can you tell me how many companies are in the Wilshire 5000 Index? There was silence in the room. Mr. Chairman, there was silence in the room because it is not 5,000 companies, it was 3,700. Why? It is because we don't have enough qualified public companies in this great Nation--the largest economy in the world--to have 5,000 public companies in the Wilshire 5000. Tonight we do something about that. We make it easier to be a public company in America.”