Jeb Hensarling: “I am just curious where this amendment was during the bipartisan process to bring H.R. 5424 to the floor. I am curious…”

“I am just curious where this amendment was during the bipartisan process to bring H.R. 5424 to the floor. I am curious where it was in our committee deliberations. I am curious why it was never presented to the Rules Committee and we are just seeing it now. Again, H.R. 5424, the Investment Advisers Modernization Act, is a bipartisan piece of legislation to make sure our small businesses, entrepreneurs, and innovators can access capital. It passed the committee 49-12. More than half of the Democrats supported it. Now we have a motion to recommit that moves it in the complete opposite direction--one more disclosure, disclaimer, more job-killing regulations to be put upon those who are trying to fund our small businesses, to try to help the working poor better themselves, to try to help improve the paychecks and the well-being of middle-income America. It is time to reject the motion to recommit. Let's work on a bipartisan basis. Let's pass H.R. 5424. Vote down the motion to recommit. Vote for the bipartisan bill. I yield back the balance of my time. The SPEAKER pro tempore. Without objection, the previous question is ordered on the motion to recommit. There was no objection. The SPEAKER pro tempore. The question is on the motion to recommit. The question was taken; and the Speaker pro tempore announced that the noes appeared to have it.”