Political Quotes

“This is an exciting, important debate. I rise today to speak in support of H.R. 4263, the Regulation A+ Improvement Act. Congressman MacArthur's bipartisan legislation would increase the offering amount that companies can offer under Tier 2 of Reg. A from $50 million to $75 million, adjusted for inflation by the SEC every 2 years. This type of legislation, modeled after the bipartisan JOBS Act, typically enjoys strong bipartisan support in Congress. I hope that will be the case again today. Title IV of the JOBS Act directed the SEC to issue rules to update Reg. A, which exempts small offerings of up to $5 million within a 12- month period from Federal registration. The updated exemption, now known as Reg. A+, increased the amount companies could offer from $5 million to $50 million within a 12-month period of time, and preempts State registration and qualification requirements to make it easier for small- and medium-sized businesses to undertake Reg. A+ offerings by avoiding the oftentimes prohibitively expensive complexities of complying with up to 50 State regulators, all providing different regulations. Some opponents of this legislation have argued that it is unnecessary because the SEC is required to review this threshold and has the authority to increase it. On April 5, 2016, SEC staff informed the Financial Services Committee that the $50 million threshold would remain in place throughout 2018 because of a lack of information available on Reg.…”