Chuck Schumer actually said...

"It is the fourth time in recent months that this Committee or one of our Subcommittees has considered the issue of capital formation and the legislative proposals being discussed here today."

"The House package, for instance, borrows from a bill proposed by Senator Toomey and myself that would provide a transition period for emerging-growth companies to make it easier for these companies to..."

"I strongly support Senator Schumer and Senator Toomey in the effort to create an on-ramping for public market for emerging companies like mine."

"If the House package looks familiar, it is because it includes several proposals already advancing in the Senate."