I do believe discrimination exists. I do believe economic disparity is growing.
Michael Capuano
The Public Record
Mike Capuano is a former U.S. Representative from Massachusetts, serving from 1999 to 2019. A member of the Democratic Party, he represented Massachusetts's 8th congressional district. During his tenure, Capuano was known for his advocacy on issues such as healthcare, education, and civil rights. He served on several committees, including the Transportation and Infrastructure Committee, where he focused on infrastructure development and public transportation improvements in his district.
the concept of taking protections away from small investors just strikes me as anathema.
I believe that fraud is fraud, and that States should be free to regulate any form of securities fraud that they see fit.
Unfortunately, H.R. 5037, seems to be aimed directly at the Martin Act, and by preempting these State laws, the bill would allow small-time fraud to run rampant.
I am particularly opposed to this bill because in New York State, we have a powerful securities fraud law, called the Martin Act.
Do you believe that homeownership is probably the most firm and sound and most used way for relatively poor or moderately poor working class people to move into the middle class?
I am all for due process. What I am not for--Is taking people's protections away.
I get that. Then why don't we have a bill just to stop New York State from doing this and leave the other 49 to do it? Leave Alabama alone.
Mr. Speaker, I thank the gentlewoman for yielding. There are some good things in this bill. I wanted to work with all of you to enshrine the good things and get rid of the bad things. We all did. We all offered it for years because…





