Political Quotes

“I thank the chairman for the opportunity to lead this effort. Mr. Speaker, the United States has the strongest, deepest, and most liquid markets in the world, which has helped hardworking Americans save for everything from college, to home ownership, to retirement. However, over time, our capital markets have become, frankly, less stable, less efficient, and less liquid due to the one-size-fits-all securities regulations currently in place. In fact, small and midsized companies, which are the heartbeat of the American economy, are struggling the most because of this outdated regulatory structure. They have the most difficult time obtaining the necessary capital and financial resources needed in order to expand and create jobs because they are drowning in regulation and increased compliance costs. Although the bipartisan Jumpstart Our Business Startups Act, JOBS Act, back from a few years ago was an important first step in helping appropriately tailor regulation and promote capital formation, particularly for the small and emerging growth companies, it is clear that Congress needs to do more. Today's bill, the JOBS and Investor Confidence Act, is a compilation of 32 bipartisan bills that will promote capital formation and ensure that our regulatory structure is appropriately tailored to allow the free flow of capital, strengthen job creation, and increase economic growth. Mr. Speaker, our economy is finally starting to fire on all cylinders.…”