Political Quotes

“Our capital markets are the envy of the world. This is due, in part, to the fact that once a company goes public, it can efficiently raise money for mom-and-pop investors who, in turn, can easily buy and sell shares. However, there is some evidence that initial public offerings, or IPOs, of smaller companies, known as microcap companies, have declined since the dot-com bubble in 2001. This decline accounts for the main reason that the total number of stocks has declined. I think it is important that we look into why this is the case and find out what policies we should be working on in Congress to ensure that our Nation's small businesses are able to access the public markets. I support the gentleman from Wisconsin's bill, the Expanding Investment in Small Business Act of 2019, for doing just that. This bill would require the Securities and Exchange Commission to study and solicit public comment on the existing rules restricting a diversified mutual fund's exposure to a single company. It would also require the SEC to determine whether that requirement limits capital formation considering current investing trends and other factors the SEC determines are necessary and appropriate to protect investors. The SEC would have to issue a report to Congress with its findings and determinations made in carrying out the study and any legislative recommendations, including any recommendation to update the current thresholds.…”