Political Quotes

“I want to thank the sponsor of the underlying legislation for the underlying bill. I rise in support of H.R. 4498, the Helping Angels Lead Our Startups Act. I urge all of my colleagues on both sides of the aisle to support this very important piece of legislation. Mr. Speaker, it was 2 weeks ago at the Capital Markets and Government Sponsored Enterprises Subcommittee that we held a hearing that examined the positive impact the 2012 JOBS Act is having on our economy. By reducing burdens on startup companies and modernizing our security laws, the consensus was very clear. The JOBS Act was a big win for entrepreneurs, innovation, and, ultimately, economic growth and opportunity and job creation in this country. But that doesn't mean that we shouldn't be doing more besides the JOBS Act, and it certainly doesn't mean that the Securities and Exchange Commission, the SEC, has done a perfect job, by any means, when it comes to implementing the important provisions of the JOBS Act. At times, the SEC has taken liberties, if you will, with their rulemaking that run contrary to the wishes and purposes of Congress, which ultimately could limit the impact this great, new revolutionary legislation has for our economy. One example of this was the way in which the SEC implemented title II of the JOBS Act, which made it easier for companies to use general solicitation in order to attract investors for private offering of stocks.…”