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Jumpstart Our Business Startups Act

Floor Speech

By:
Date:
Location: Washington, DC

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Mr. SCHWEIKERT. I thank the gentleman.

Madam Speaker, I rise in support of the JOBS Act.

Think about this. We literally started over a year ago putting together the pieces of legislation that moved forward with us today. Many of them were bipartisan. Many of them had to go through subcommittee and committee and then back through more hearings and more testimony. A couple of these bills have actually been to this floor multiple times. It's been well vetted. And I hold a great appreciation, because I've only been here 15 months and this is my first opportunity to actually have a piece of legislation with multiple bills I've sponsored heading on their way to the President, hopefully, after the votes today and tomorrow. And I owe a great thank you to Chairman Garrett and Committee Chairman Spencer Bachus.

But I also want to share a bit of a concern.

Congressman McHenry has a really neat portion of this bill. We call it crowdfunding. The Senate has amended that in such a way that I believe it does great damage to the goal of a much more egalitarian, technologically advanced, using-the-Internet way for people to invest, for being able to reach out and gain that capital for very small companies. And I'm hoping I can reach out to my friends and say, Let's fix what the Senate did.

We still should be voting for this bill. This is wonderful. We're making progress. But there are things we have to do to fix this for the future.

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