Political Quotes

“Mr. President, entrepreneurship is a bedrock of Montana, a relationship well understicod by the Small Business Administration, SBA. In fact, the SBA recognizes over 115,000 small businesses in the state, making up 97.4 percent of all businesses. These organizations employ nearly 236,000 Montanans, or 67.4 percent of the state workforce. While there are many harmful regulations coming out of Washington these days, the Securities and Exchange Commission, SEC, issued a rule last October to give entrepreneurs an important tool in their belt to get their/dreams up and running. This rule was the crowdfunding rule, which allows entrepreneurs to raise up to $1 million annually without having to incur the costs of expensive SEC registration. With this rule, entrepreneurs can now raise capital to grow their business and create jobs without incurring expenses ordinarily reserved for established companies able to become publicly traded. In fact, Treasure State Internet & Telegraph is one startup in my home town of Bozeman, Montana that has been able to use this important new rule. I am pleased today to support Montana's entrepreneurs by introducing the Crowdfunding Enhancement Act. This bill will make it easier for startups using crowdfunding to grow by creating a ``longer runway'' for costly filings. In this way, startups won't be penalized with costly paperwork by growing too fast growth.…”