I thank Chairman Hensarling for his great work on the Financial Services Committee, and I specifically want to thank him for his help on this bill coming to the floor today. Mr. Chair, today I am very proud to speak in support of the Capital Markets Improvement Act. The bill includes a number of important titles that my colleagues on the House Financial Services Committee, Republicans and Democrats, are confident will improve our capital markets, whether it is reducing regulatory requirements for emerging growth companies subject to redundant reporting requirements to the SEC or making it easier for investors to have access to investment reports on exchange-traded funds. This bill also includes a title I worked on diligently with Mr. Delaney to make it easier for companies in Illinois and nationwide to let hardworking employees own a stake in the business they are part of. The Illinois Biotechnology Industry Organization, which represents companies that employ thousands of residents in my district and throughout Illinois, believes that making it easier for companies to offer employee ownership helps Illinois businesses expand and hire more workers. Warren Ribley, the president and CEO of iBIO, has stated: As someone who has worked in economic development for most of my career, I know that offering an ownership stake to employees is a critical tool in recruiting top talent to job- generating companies.…
On the recordFebruary 3, 2016
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