Political Quotes

“I hear complaints from our small business constituents back home about the difficulty in raising capital. Today we have an opportunity to fix one aspect of this problem so that our Nation's small businesses can obtain the funds that they need to hire workers. Current law bars companies from raising capital through unsolicited advertisements. Requiring potential investors to have an existing relationship with a particular company limits the pool of potential investors and hampers the efforts of small companies who have a great idea to raise much-needed capital to expand and hire workers. This bill would make an exemption in the advertising ban for accredited investors. H.R. 2940 will make it easier for companies to raise capital without putting less sophisticated investors at risk. As a former chairman of the Small Business Committee, I urge my colleagues to support H.R. 2940. The bill will help small gazelle firms raise capital during these difficult economic times. Mr. McCARTHY of California. Mr. Speaker, I yield 1 minute to a Member who is leading the way in encouraging job creation in Ohio's 15th Congressional District, Mr. Stivers.”