On the recordMarch 6, 2024
Mr. Chair, I yield myself such time as I may consume. Mr. Chair, I rise in support of H.R. 2799, the Expanding Access to Capital Act. As chair of the Capital Markets Subcommittee, I am so proud of the hard work of our members in crafting this landmark piece of legislation that supports America's Main Street businesses and retail investors. I am also grateful to leadership for affirming that this bill is a crucial priority and taking action to pass this legislation in the House today. This legislation is the culmination of four hearings that the Capital Markets Subcommittee has held this Congress, where we heard powerful testimony from 19 witnesses, including founders of both private and public companies, investors of all sizes, former SEC Commissioners, securities law practitioners, and even one of the authors of the IPO- related provisions of the JOBS Act. As the witnesses at each of these hearings made clear, all the bills included in H.R. 2799 play a vital role in strengthening our public markets, improving access to capital for small businesses and entrepreneurs, and expanding investment opportunities for all Americans. For example, Representative Steil's Helping Startups Continue to Grow Act strengthens our public markets, making them more attractive by allowing more companies to benefit from emerging growth company status.…





