Political Quotes

“This is the final amendment to the bill, which will not kill the bill or send it back to committee. If adopted, the bill will immediately proceed to final passage, as amended. Mr. Speaker, this motion to recommit is simple and should be able to garner the support of every Member of this body who seeks to enhance our robust public and private markets while, at the same time, ensuring there are adequate safeguards in place for the benefit of Main Street investors. Specifically, this motion will accomplish two simple things: one, it will strike the increase in the offering limit to $75 million; and, two, it will require the SEC to review and revise their bad actor disqualification regulations prior to future increases in the offering threshold. Unfortunately, as currently written, with all due respect to my Republican colleagues, raising the offering threshold is a solution in search of a problem. Congress designated the SEC with regulating the offering. Congress decided the SEC would administer the offering. The SEC is the expert on Regulation A+, and it should be the one to raise the offering threshold, assuming the data supports such an increase. Under the law, the SEC will be reporting to Congress whether or not they will raise the threshold just next month. This bill is premature, and for the lawyers in the room, it is not ripe for review. So why wouldn't we wait?…”