Political Quotes

“Madam Speaker, I yield myself such time as I may consume. I support H.R. 4227, the Developing and Empowering Our Aspiring Leaders Act of 2021, introduced by Mr. Hollingsworth. This bill would authorize the Securities and Exchange Commission, or SEC, to revise its rules on venture capital investment regulations to allow investments acquired through secondary transactions or investments in other venture capital funds to be considered as qualifying investments for venture capital funds. Importantly, the SEC would only be required to revise its rules if it finds that the revision would facilitate capital formation without reducing investor protections. I want to ensure startups and small businesses have access to capital, but as this bill stipulates, access to capital should not come at the expense of investor protections. This bill strikes the right balance, and I so urge my colleagues to support this bill. Madam Speaker, I reserve the balance of my time. {time} 2130”