On the recordDecember 4, 2013
I thank the chairman for yielding. Mr. Speaker, strong job creation is the foundation for a healthy economy, while overregulation kills jobs. Private equity provides much- needed capital and better investment returns to pension plans, university endowments, charitable foundations, and other investors than if they simply deposited their money in a bank. The various forms of capital provided by private equity in our economy result in more resources for companies to operate their firms, expand their facilities, and create more jobs. H.R. 1105, sponsored by my good friend from Virginia (Mr. Hurt), would help expand private equity by relieving certain advisers' private equity funds from the burdensome and unnecessary process of registering with the SEC. This bill would simply allow advisers and private equity firms to do what they do best: invest in promising companies in order to help them expand and create more jobs. Let's support job growth in this country by voting in favor of H.R. 1105.
