Political Quotes

“I yield myself such time as I may consume. I thank my friend, Mr. Schweikert, with whom I've enjoyed working on this legislation and in a spirit of bipartisanship; ultimately a bill that was designed to make it easier for small banks, which Congressman Schweikert and I worked together. I would also like to highlight the work of Congressman Steve Womack of Arkansas on that bill. It found its way into this legislation under another Congressman's name, but it is important and good legislation, and I continue to support it and am thrilled that it's part of this. Madam Speaker, I would just take issue with one thing that my good friend from Arizona said. The crowdfunding provisions in this legislation should be subject to scrutiny and to careful regulatory oversight. When you combine the concept of the Internet and retail investors into one piece of legislation, be careful. The Senate amendment to the House crowdfunding provisions in fact adds more protection to small investors who might be subject to being fooled by an Internet predator. And I would just say we should be careful. We should be careful when we are talking about retail investors, the classic widows and orphans out there that are not necessarily financially sophisticated. They are not the big financial players who get labeled accredited investors or institutional investors and who, frankly, have the capability to take care of themselves.…”