"The idea of having light-touch regulation on the intermediary and regulate this security in a very different way."
"Ah, the wisdom of the great debating society of the Senate. No offense. This is not a partisan matter, because we can agree the Senate is the true enemy. No division between parties there."
"Today's hearing serves as an opportunity for Congress to hear from knowledgeable folks that either participate in the arena of crowdfunding as it now exists."
"the legislation we passed, there were 400 votes that I authored here the House with the help of Carolyn Maloney"
"The SEC prioritized their rulemaking. For instance, they spent enormous resources trying to write a rule on conflict minerals that was in Dodd-Frank."
"Ludicrous is a mild way of putting it."
"So the concern I had with the Senate provision from the get-go was as simple as the origin of Congress' action--and I can say the origin of Congress' action because I filed the first bill."
"We are really democratizing access to capital in a way that didn't exist before."
"I don't think these individuals were pledging money because they thought they were going to make a million off of it. They wanted to support the brand that they liked."
"It is the same reason why a lady I know, her father was a fan of the Boston Celtics. He invested in the Boston Celtics so he could say he owned a piece of the team."
"We need something like, and maybe there is other ways to do this, but something like a National Task Force in Justice."