Political Quotes

“I thank Chairman Huizenga for the work on this with Patrick McHenry and the folks on the other side of the aisle. It is nice to come here and see something that is truly collaborative and underway that helps businesses. Prior to coming to Congress last year, I spent the past 16 years growing manufacturing companies in Ohio, so I know firsthand how difficult it is to acquire capital to start and operate and grow small businesses. Businesses that overcome the challenges are faced with numerous regulatory roadblocks that further hinder their growth. Many of those have come at the hands of regulatory frame works like Dodd- Frank. But this bipartisan measure that we are talking about today has the opportunity to help the challenges with capital acquisition that government has created and continues to create. Currently, the Investment Company Act of 1940 requires any qualified venture fund over 100 to register with the Securities and Exchange Commission. The real burden of these regulations hits small companies in middle America like Ohio's Eighth District where, unlike major cities, particularly on the coast, we do not have as many options for raising capital. Not every company seeks to become the next billion-dollar blockbuster, but some of them do. All these companies offer great jobs and give many people the dignity of work, but they can also provide great returns. So we are crowding out investment opportunities, and we are crowding out job opportunities.…”