On the recordNovember 3, 2011
The manager's amendment agreed to in the committee will empower the SEC with additional safeguards to make crowdfunding safer for investors. It was literally a joint Democratic and Republican amendment, and I am very glad we were able to work together to make this a better bill. I'm really happy about this bill because New York is a center for innovators, and many people come from all around the world to build their ideas. And this bill will help them do it. It was done in a joint effort. And I hope that my friends on the other side of the aisle will join us in passing the American Jobs Act, which will also put Americans to work and help grow our economy. We are not going to cut our way to prosperity. We need to invest in growth. The American Jobs Act invests in our infrastructure, in our workers, in innovation. It helps build the American Dream. So I hope my colleagues will join with us in passing that important bill, too. I urge my colleagues to support this bill. Mr. McHENRY. I yield myself 20 seconds. I thank my colleague from New York for improving this legislation and her staff for working so diligently with my staff and the staff on the committees as well. Very wonderful and constructive process. I think this is a better bill, and I hope the Senate can take it up and pass it and send it to the President. I reserve the balance of my time.
