Political Quotes

“Let me just maintain that this is a simple premise of protecting the less sophisticated investor, and I have no desire to not see jobs being created or the opportunity for emerging growth entities to have access to opportunities for investment. It is quite clear that qualified institutional investors are far more sophisticated than the accredited investors' status, and so I can't get clearer than that, trying to make sure that we protect those. And as we noted for the Democrats who served on the Financial Services Committee, they made certain statements, if you would, to ensure that we have the greatest amount of protection for those who we want to see having greater opportunities. So with that, Mr. Chairman, I happily yield back my time and ask my colleagues to support this very simple amendment that seeks to protect accredited investors. Mr. Chair, I rise today to offer my amendment # 7 to H.R. 3606 ``The Reopening American Capital Markets to Emerging Growth Companies Act of 2011.'' This amendment strikes language in the bill that allows an emerging growth company or its underwriter to communicate with ``institutions that are accredited investors.'' H.R.…”