Political Quotes

Thomas A. Garrett: “The point of that is, again, what? Basically investor protection here. What you don't want to have happen, I guess, is…”

On the recordNovember 3, 2011
The point of that is, again, what? Basically investor protection here. What you don't want to have happen, I guess, is: Say I'm going to go out into the marketplace and start raising money, and as soon as the cash starts coming in I can start using it right away, even though I was intending to raise $200,000, but I'm going to start using it right away. Those proceeds may not go to the point where you intended. I see the gentleman from Colorado is nodding his head. Is that your understanding? Is that the reason why this was included in here?
Said by
Thomas A. Garrett
Virginia
Source
govinfo.gov
Nov 3, 2011

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