On the recordNovember 3, 2011
I yield to my colleague from North Carolina. Mr. McHENRY. I thank the gentleman from Tennessee for offering this bipartisan amendment. This is a good-government amendment. The old adage is ``a million bucks isn't what it used to be.'' Well, when reg D-504 of the Securities and Exchange Act of 1934 had a $1 million exemption that was put in place in 1982, that $1 million would be $2.4 million today. So, just in a short period of time, it can show you the impact of 30 years of inflation. I appreciate my colleague for offering this amendment, as it's a very good amendment, and I certainly appreciate your representing the good folks of Tennessee.
