Political Quotes

“Madam Speaker, I rise in support of this bipartisan amendment with Mr. Huizenga. I also thank my colleagues, Congressman Steil and Congressman Auchincloss, for cosponsoring this amendment. This commonsense, probusiness amendment cuts unnecessary red tape and directs the SEC to make electronic delivery, or eDelivery, the default communication method for investment companies with their investors. The amendment aims to modernize the policy, with investors opting in to paper disclosures instead of opting out while ensuring that paper will always be an option. Consumer protection is a cornerstone of this amendment, which is why it includes a 2-year transition period. Well before any switch to eDelivery begins, consumers would be given advance notice in the form of clear and readable paper disclosures about the move to digital disclosures. On top of that, consumers will be mailed reminders for 2 years that they can opt in to paper disclosures. Paper disclosures will always be an option for those who want them. This a long overdue reform, especially when you consider that the Social Security Administration, the Federal Thrift Savings Plan, the Department of Labor, and the IRS have already advanced digital-first policies that have succeeded in providing Americans with more timely, secure, and engaging communications. This is a pro-environment amendment. Congress can save millions of trees with this legislation.…”