Political Quotes

“Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, I rise in very strong support of H.R. 4263, the Regulation A+ Improvement Act. I want to thank the sponsor of this bipartisan legislation, the gentleman from New Jersey (Mr. MacArthur). He has been a huge leader on all capital formation issues within our committee and in this Congress. He is a real asset. His business acumen is well positioned to help serve us, and his leadership on this bill should be commended. Mr. Speaker, although small companies are at the forefront of technological innovation and job creation, they often face significant obstacles in obtaining funding in our capital markets. These obstacles generally stem from the disproportionately larger burden that securities regulations, written principally for large public companies, instead place on small companies when they seek to go public. In 2012, the Jumpstart Our Business Startups Act, known as JOBS Act, sought to modernize and better tailor some of these regulations, including Reg. A, under our securities law. Reg. A is a longstanding exemption from SEC registration that permits public offerings without formal registration as long as certain conditions are met. Prior to the JOBS Act, a small company seeking to use Reg. A was limited to raising $5 million of securities in a 12-month period. As you can imagine, over time, Mr. Speaker, Reg.…”