On the recordJanuary 10, 2017
In closing, I cannot support an amendment that makes it more difficult for startups to receive the crucial funding that they need to grow and create new jobs. Again, these are people pursuing their dreams, their hopes. They need capital and credit. They need cash and credit to go fulfill those. Mr. Chairman, I actually believe in the SEC. I believe that the rules that they operate under are sufficient. I believe in the JOBS Act. I believe in the HALO Act that will provide the proper protections to investors, again, qualified investors with a $300,000 income and a $1 million net worth. There are proper protections in place. This amendment does nothing but add additional burden to those seeking the investment and those seeking to invest. I request opposition from my colleagues. Mr. Chairman, I yield back the balance of my time. The CHAIR. The question is on the amendment offered by the gentleman from Missouri (Mr. Clay). The question was taken; and the Chair announced that the noes appeared to have it.
