"I have a personal interest in, as well as millions of small businesses around the Country, and it is based off of legislation I sponsored here in the House which is, in essence, crowdfunding, and it creates a new federal securities exemption to permit equity-based crowdfunding."
"I believe that they should be subject to the same economic analysis that the current guidance demands."
"Your work is important and it has an enormous impact on large and small businesses and economic growth."
"The SEC has put forward this memo; it is binding on the staff to actually look at the costs and the benefits of rulemaking."
"I appreciate your prompt action on cost-benefit analysis, and the draft guidance that you have put forward."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."
"I think it informs good policymaking, and that is what we need to be about."
"I would say with billions of dollars already operating in this environment, with minimal fraud, that it shows that light touch regulation, transparency, basic rules of the road, would be sufficient, c..."
"Well, crowdfunding is still not allowed because we are still waiting for the SEC to write regs by the end of the year, so----"