Political Quotes

“I want to commend my friend from New Jersey and the work that he has put into this. I rise today in support of this much-needed legislation that would increase the limit that small companies looking for additional investments and investors can solicit under Reg. A+. These deals would increase from $50 million to $75 million. This will enhance capital formation for growing small companies that are exploring crowdfunding as a method to raise capital. The JOBS Act has proven to be wildly successful, and this program has proven itself successful as well. Yet it can be even more so with this modest increase. So, specifically, the legislation further strengthens the ability for small- to mid-sized companies to attract more traditional underwriters and more sophisticated investors into the Reg. A+ process. Reg. A+ has been termed a ``Mini IPO'' or an ``IPO to go,'' and for good reason. While the cost of doing a full-blown IPO has skyrocketed, and the crowdfunding industry has been adopting Reg. A+ and leveraging it to raise growth capital for a fraction of what a traditional full- blown IPO would be, would cost, while still having access to the capital markets. Like the chairman, I and many others on the committee have been concerned about the decrease in these initial public offerings, or IPOs, over the last number of years. Reg. A+ has been able to step in and help fill that gap.…”