David Schweikert

Instead of a community bank, this is how we are going to help folks in our community.

I would like to thank the members of this Committee and both parties within the House at-large for their bipartisan and overwhelming support of crowdfunding.

I have an underlying belief system here that we have sort of this egalitarian obligation to reach out.

Let us articulate so we have it on the record. What are the caps? It is $2,000?

Would anyone disagree with me that particularly in this investor class, that is the ultimate type of regulation?

Thank you very much for the opportunity to discuss the value that crowdfunding can bring to the American small business community.

In many ways private jets have been leasing out their excess capacity.

So you may slow down capital expenditures but actually make the economy much more efficient.

It is a simple example. The person who buys the house with the guest room and they intend to rent it.

I really would like to back up a theme that both the right and the left here have touched on and then backed away from.

Well, speaking of rock stars, the gentleman to your right, I mean, Mr. Kamen, you're touching and working with a lot of these young people. It is my vision of sort of cynicism that our avoidance of what is difficult, our constant concern…

Why is it that the government has transformed itself into an instrument of plunder? It has taken from us our plan.

Wouldn't it have been nice if they had actually been truthful about that?

Even the witness for the Democrats agreed that this was stifling growth and crushing small businesses.

I do think the flexibility has been significantly reduced.

considering we need to be around 300-350,000 creation every month, we are still devastated upside down when you look at our workforce participation.

At some point we have got to wake up and decide this is not a partisan; it actually should be about the people we represent and not the vanity here of trying to justify things that we have done that do not work.

So in other words, one more time as our regulatory command and control society grows out of Washington, we are going to turn a lot of our friends out their businesses into trying to find a way to game the law in many ways just to survive.

we do not spend enough time trying to also come up with a mechanical solution.

the regulations are really an overwhelming burden for them.

access to capital is the lubricant that runs this engine of an economy.

I do not believe we need new regulators. I do not believe we need new regulations.

I think this law, the federal regulatory environment does more to stifle innovation and job creation than anything else.

this egalitarian idea is going to be crushed if the rule moves forward.

I have a fixation on getting the SEC to actually do pragmatic and rational rulemaking on things like the Jobs Act.