Political Quotes

“I thank the gentleman from North Carolina for all of his work on this legislation, as well as the chairman of the full committee, Spencer Bachus, for his leadership on this initiative as well. To the extent, as with the previous piece of legislation that we had, it goes to the overarching theme I think of today--and also during the last 10 months of this time in the House--which is job creation for this country, what can we do here in the House of Representatives to facilitate the creation of more jobs. And just like with the last piece of legislation, what we can do is help businesses, both small and large, to obtain additional capital, capital being at the heart of the ability of a small business to go out, to expand, to grow, to hire new employees, and to create jobs in this country. The legislation before us goes well in that direction. And now, done in a bipartisan manner, it, as the sponsor, stands head and shoulders above the way it was before because it adds additional provisions for safety and soundness to it. It allows for equity financing, in which investors can purchase ownership stakes in the company in exchange for basically stock or shares in those companies to grow in a future direction, to grow larger and what have you. And it allows the companies to obtain those funds without having to repay specific amounts at any particular time. What does that mean?…”