Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise in support of H.R. 5877, the Main Street Growth Act, introduced by my friend and colleague from the Financial Services Committee, the gentleman from Minnesota (Mr. Emmer), which would help further facilitate capital formation for smaller issuers. Specifically, the Main Street Growth Act would provide for the creation and registration of venture exchanges. Venture exchanges would be prohibited from extending unlisted trading privileges, or UTP, as they are known, to any venture security, which would prevent venture securities from trading on exchanges other than the one that it is listed on, in order to concentrate liquidity onto the venture exchange. In addition, venture exchanges would also be exempt from decimalization. The U.S. capital markets have, and continue to be, a vibrant ecosystem, fueling America's economic growth and generating millions of private sector jobs. These markets provide financing and needed resources to the smallest startups, as well as the largest international companies. However, a company's size has often impacted how easily it is to access capital, as larger companies generally found the capital markets easier to access than smaller companies. While the number of IPOs in the U.S.…”