Political Quotes

“I thank my colleague, Mr. Hurt, for yielding. I am glad that the House is taking up H.R. 1723, the Small Company Simple Registration Act, which will take a much-needed step in helping remove financial barriers and make it more efficient for small businesses to go public. This bipartisan legislation, which I have sponsored with Ms. Terri Sewell from Alabama and which was approved by the House Financial Services Committee on a completely unanimous vote of 60-0, would make a simple change in the basic registration form for new securities offerings, the form S-1. Specifically, it would allow smaller reporting companies to incorporate by reference any documents filed with the SEC after the effective date, which means that those companies will not have to go through the trouble of refiling the form S-1 again and again. {time} 1430 This will have a profound impact on these small companies by cutting compliance costs, as they will not have to file redundant paperwork and wait on the SEC to approve their filing in order to raise capital and grow their small business. Small companies are increasingly leading the way in terms of technological innovation and job creation but consistently struggle with finding adequate access to capital in order to grow their business. It is a fact that small businesses are the main driver of economic growth in our country, as they create more jobs than any other business sector in America.…”