Political Quotes

“I yield myself 4 minutes. Madam Chair, I rise today in support of H.R. 3606, the Jumpstart Our Business Startups Act. Before I begin my remarks, I would like to thank Chairman Bachus, Chairman Garrett and, certainly, Ranking Member Frank for their assistance and support on this bill. We were able to work in a bipartisan manner on this bill in our committee, passing many of the provisions in the bill with strong bipartisan majorities. H.R. 3606 is an omnibus package of small business capital formation bills, some of which we already passed through the House back in November. I was pleased to work with Representative McCarthy on a provision now included in the bill to amend securities law in order to remove the prohibition on general solicitation, or general advertising, for the Office of Securities made under rule 506 of regulation D if those securities are only sold to accredited investors. Last year, I worked with Representative McHenry to add critical investor protection provisions to this crowdfunding bill, which previously passed the House and is now included in this package. I was also pleased to support the provision from Representative Schweikert to allow companies to raise more funds through the Regulation A process and another provision to raise minimum shareholder thresholds at which companies must register their securities with the SEC.…”