On the recordMarch 15, 2018
I am opposed to it in its present form. The SPEAKER pro tempore. The Clerk will report the motion to recommit. The Clerk read as follows: Mrs. Beatty moves to recommit the bill H.R. 4263 to the Committee on Financial Services with instructions to report the same back to the House forthwith with the following amendment: Page 3, line 10, strike ``$75,000,000'' and insert ``$50,000,000''. Page 3, line 23, insert the following new section: SEC. 3. EFFECT OF INCREASE IN OFFERING LIMIT. The amendments made by this Act shall take effect on the date that the Securities and Exchange Commission revises regulations promulgated pursuant to subparagraphs (B) through (G) of paragraph (2) of subsection (b) of section 3 of the Securities Act of 1933 (15 U.S.C. 77c) as necessary to protect investors before increasing the aggregate offering amount described in subparagraph (A) of such paragraph to an amount that is greater than $50,000,000. Mrs. BEATTY (during the reading). Mr. Speaker, I ask unanimous consent to dispense with the reading of the motion. The SPEAKER pro tempore. Is there objection to the request of the gentlewoman from Ohio? There was no objection. The SPEAKER pro tempore. Pursuant to the rule, the gentlewoman from Ohio is recognized for 5 minutes in support of her motion.
