Mike Pence: “I thank the gentleman for yielding, for his leadership, and for his gracious esteem. I rise in support of H. Res. 572…”

“I thank the gentleman for yielding, for his leadership, and for his gracious esteem. I rise in support of H. Res. 572, the rule supporting the JOBS Act and underlying bill. Mr. Speaker, everywhere I go across the Hoosier State, I hear job creators struggling in this economy, talking to me about the obstacles to growth, the obstacles to getting this economy moving again for their business. And again and again, I hear about the weight of Federal red tape that stands in the way of capital formation, business expansion, and jobs. Just today I was talking to a manufacturer in the State of Indiana who said to me, Mike, the environment in Indiana is very positive. Our problem is Washington, D.C. And I was able to report to him that in a bipartisan manner today, the Congress was going to take a small, but significant, step in lifting a regulatory burden on capital formation. And that Hoosier, like I hope all Americans looking in today, was encouraged. The JOBS Act will actually facilitate capital formation, business expansion, and growth by lifting the burden from job creators in a number of ways. It exempts emerging growth companies from certain SEC regulations; it raises offering thresholds for SEC registration; it exempts securities issued through innovative crowdfunding sources from SEC regulation. All of those in plain English mean that we are going to change the regulatory environment to help start-ups and small businesses access public markets.…”