Political Quotes

“I thank Ranking Member Maxine Waters for granting me time. I thank Mr. Chabot and Mr. Hurt and others for working with me on this bipartisan bill to help entrepreneurs and startup companies create jobs and grow our economy. Mr. Speaker, American startup businesses are growing both in number and diversity. Entrepreneurs are finding new and better ways to bring together talent, innovation, and investment capital in an increasingly competitive small-business environment. The HALOS Act clarifies SEC regulations to ensure small businesses may participate in educational demo days without the burden of having to verify that attendees are accredited investors. These events provide invaluable opportunities for entrepreneurs to meet and exchange ideas with students, professors, business professionals, and potential future investors. The HALOS Act creates a clear path for startups to participate in demo days that are sponsored by a government entity, a nonprofit organization, an angel investor group, a venture association, or other entity that is permitted by the SEC. Specifically, this act clarifies the definition of ``general solicitation'' to exempt communications and presentations at these events where advertising does not make specific investment offerings and where no specific securities offering information is communicated at the event.…”