Patrick McHenry actually said...

I appreciate your prompt action on cost-benefit analysis, and the draft guidance that you have put forward.

that if the rules are not implemented correctly at the SEC, the crowdfunding could be 'stillborn.'

I think the President would have liked to have heard that before he issued a statement of administrative policy on my crowdfunding bill.

I just want to express to you my deep regret that you didn't address this earlier or to me.