Political Quotes

“I thank my colleague from Texas for yielding and keeping the main theme the main theme--jobs and the economy. As an original cosponsor to H.R. 3606, the Jumpstart Our Business Startups Act, I rise in support of this rule. Since last year, the gentleman from Delaware and I, along with many members of the Financial Services Committee, have worked in a bipartisan manner to develop legislation that would enhance job creation and expand access to capital for America's job creators. Title I of this bill's legislation I introduced with Congressman Carney, the Reopening American Capital Markets to Emerging Growth Companies Act, which will help more small and mid-size companies go public. During the last 15 years, fewer and fewer start-up companies have pursued initial public offerings because of burdensome costs created by a series of one-size-fits-all laws and regulations. According to testimony from IPO Task Force Chair Kate Mitchell, from 1990 to 1996, there were 1,272 U.S. venture-backed companies that went public on U.S. exchanges during that 6-year time frame. {time} 1300 However, in 6 years, from 2004 to 2010, there were just 324 offerings. Even the President's Jobs Council, in its 2011 end-of-year report, cited that the United States ranks 12th now in ease of access to venture capital behind Israel, Hong Kong, Norway, and Singapore, among others.…”