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Public Statements

Entrepreneur Access to Capital Act

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. FINCHER. I want to thank my colleague from North Carolina (Mr. McHenry) for his great work on this bill and for trying to put the focus on creating jobs. It's not often so many times what we do but what we can undo up here in Washington that will let the private sector get back in the business of creating jobs.

Madam Chairman, the amendment I am offering with my colleague from California (Mr. Sherman) would simply adjust for inflation the $1 million and $2 million caps in the underlying bill. This will ensure investment opportunities today are just as strong tomorrow.

As the real value of money decreases over time, small-contribution investors may be discouraged from supporting start-up companies in the future due to the diminishing buying power of their original investments. By indexing the caps in the bill to reflect the annual change in the consumer price index, we will continue to allow investment opportunities for Main Street Americans, like our teachers, police officers and farmers, to pool their money and support entrepreneurs in their communities.

I urge my colleagues to support this amendment.

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