Claudia Tenney: “I thank the chairman for yielding me time. Mr. Speaker, I rise to support this bipartisan legislation, H.R. 4263, the…”

“I thank the chairman for yielding me time. Mr. Speaker, I rise to support this bipartisan legislation, H.R. 4263, the Regulation A+ Improvement Act, introduced by my colleague from New Jersey (Mr. MacArthur). Congratulations to Mr. MacArthur and the chairman for bringing this great legislation to the floor. This legislation would increase, from $50 million to $75 million, the offering exemption amount that companies can offer under the Securities and Exchange Commission's, the SEC, Tier 2 of Regulation A, an amendment to the 2012 JOBS Act. As the owner of a small business, I understand firsthand the vital importance of making our Nation's business climate competitive at all levels. Small businesses create nearly 70 percent of the new jobs in our country. Yet small businesses are only starting to see a resurgence from the struggling ecosystem created in the last Presidential era. Thanks to the recent tax cuts and regulatory changes, we have seen continued growth. H.R. 4263 would be the next step toward helping small companies raise necessary equity capital to enable them to grow and compete in a changing and dynamic marketplace. This will result in more jobs and more opportunities for our communities. This bill would expand the SEC's Regulation A+ from $50 million to $75 million, and it would allow companies to consider mini IPOs or mini initial public offerings at a less costly alternative to raising capital.…”