Political Quotes

“Mr. Speaker, I thank the gentleman from Kentucky. This did pass our committee on a unanimous basis. I want to thank the gentlewoman from New York (Mrs. Carolyn B. Maloney) for her leadership and for her other areas of leadership on our committee. As a very senior Democrat, her counsel is always important; her leadership is always important. This is indeed, as was described, Mr. Speaker, in many respects, a technical correction that needed to take place. We need to ensure that our family offices, that those investment funds can be put to their highest and best use to help grow the economy. I was happy that the ranking member used the phrase ``unintended consequences'' because, indeed, Mr. Speaker, from time to time, there are unintended consequences of regulation. We do wish to ensure that these family offices that otherwise meet the definition of accredited investors have the full range of investment opportunities before them. This bill will do this. Again, it came out on a strong bipartisan, indeed, a unanimous basis from the Financial Services Committee, and so I would urge all Members of the House to adopt it.”