Bill Huizenga

I do not believe the Fed should be involved, and I don't believe the Financial Stability Oversight Council will be successful, in this macroprudential effort to control systemic risks.

I feel like trying to substitute for excessively low capital minimums with regulation policy is not going to work, and it is a dead end.

He believes that it has destroyed liquidity, as well.

I think it is worthy to explore to what goal and what end we are utilizing that.

Flight of capital to something that was solid, the Swiss franc, and that was the reaction that they were having to deal with.

I do want to ask a very specific question, and maybe we can get some answers in writing as well on that.

But I think a crucial point is that the longer that we delay the decision, the bigger the chance that we get asset price bubbles, credit bubbles.

I wish there were more people like you who were green, not just in name, but who could afford all of this.

And how was--no, no, time out, time out. You cannot get away with this, because you have to look at the overall market and market share and percentage.

I am trying to fix it, hold it accountable, and make it more efficient.

That is exactly what we are hearing about.

I think you had said $150,000 to $250,000 in your testimony, correct?

NASAA supports a number of these proposals, especially the proposed Small Business Mergers, Acquisitions, Sales, and Brokerage Simplification Act sponsored by Congressman Huizenga.

We must streamline and simplify the regulatory structure so small and midsized businesses are able to safely, efficiently, and effectively sell their companies while preserving and protecting jobs at these companies.

I just wish Mr. Hensarling was here, our Chairman Hensarling was here to hear again how important that this bill is.

But there is from this member, and I know from many members of this committee.

Under my bill, H.R. 2274, M&A is exempt from FINRA, while subject to some of these SEC rules relevant to the limited nature of what M&A broker activities are.

This bipartisan legislation would create a simplified SEC registration system for brokers performing services in connection with the transfer of ownership of smaller, privately held companies.

Since 2006, the Securities and Exchange Commission has highlighted the merger and acquisition broker proposal as one of its top recommendations to help small businesses.

I am a bit concerned about an uneven playing field being created if 50 percent of all online lending occurs offshore.

You are still pretty darn powerful, because I am concerned about that as well.

My colleague from New York, Mr. Meeks, and I are sort of leading that charge with House Bill 1077

I would like your support, frankly.

We are hurting poor people. We are hurting the people who are trying to buy houses because we are borrowing money.

Where is the outrage over that? Where is the concern that this Administration is beating up on poor people and making housing unaffordable for the American worker with a 400 basis point increase in the regulation that we will never see?