Political Quotes

“the bill before this body had broad bipartisan support, bicameral in nature. The bill we are considering today is the IPO bill, of course. The bill passed the House by an overwhelming majority. President Obama supports it. I want everybody to know that the bill is imperfect, and that perhaps is an understatement. What we are trying to do with amendments offered by Senators Merkley and Reed is to improve this bill, which has a lot of problems. These two amendments would go a long way toward correcting those. This is an important piece of legislation, and we are confident that it will improve innovators' access to capital and give startups the flexibility they need to hire and grow. But it is not perfect, I repeat. As with any other piece of legislation, there are ways we can improve it. On this bill, there are many ways we can improve it. I am sorry we cannot do more. To that end, the Senate will consider two germane amendments to this IPO bill that will protect investors and prevent fraud. The first amendment is sponsored by Senator Merkley and others. It deals with companies that raise capital online from small investors. This amendment will ensure that watchdogs are in place to protect the small investors and their money from fraudulent companies and abuse of the system. People are lurking out there waiting for ways to cheat. I am sorry, but it is true. These are people who are either amoral or immoral, looking for opportunities to make money.…”