On the recordMarch 19, 2012
Mr. President, I rise today to urge my colleagues to support the INVEST in America Act--the Senate substitute amendment to H.R. 3606--that would add critical improvements in investor and market protections to the bill that we received from the House. In order to keep our Nation on the path to economic recovery, we must help small businesses access capital and reduce barriers for start-ups. However, we should not do so at the price of consumer safety or market integrity. We must be very careful to do all we can to promote robust capital investment and at the same time ensure investor protections are securely in place. Many groups have voiced their staunch opposition to passing an un- amended H.R. 3606--for fear of its effects on the investors and the market. Opponents include the: AARP, AFLCIO, AFSCME, Americans for Financial Reform, Consumer Action, the Consumer Federation of America, Public Citizen, The Economists' Committee for Stable, Accountable, Fair, and Efficient Financial Reform, US PIRG, and other consumer and investor protection groups.…





