Greenlighting Growth Act

Floor Speech

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Mr. HARIDOPOLOS. Mr. Speaker, I thank the chairman for his leadership on this and for the opportunity to present today.

Mr. Speaker, I rise in strong support to ask my colleagues to support H.R. 3343, the Greenlighting Growth Act, a bill which I introduced with the subcommittee chair, Ms. Wagner.

This bill will make business easier for small companies right here in America. That is something we all agree on. Too often, regulations make it harder than it should be, especially for entrepreneurs and emerging businesses trying to make the next step.

In 2012, Congress worked to fix that problem, passing the JOBS Act to create a more affordable path for smaller companies to go public, raise capital, and fuel the next wave of American innovation, but there is a problem. After going public, these same companies can get hit with extra paperwork if they try to grow through acquisitions.

The current law undermines the incentives that the JOBS Act set up, so we look to change it with H.R. 3343. The bill fixes the problem and keeps the rule simple and consistent so that small companies can focus on growing, not growing government paperwork. That means more companies will go public, raise capital, grow, and create jobs.

That was the goal of the JOBS Act, and that is what this bill will accomplish. Small businesses shouldn't be punished for success. They should be encouraged to grow, build, hire, and do that right here in the good old USA.

This is a simple, targeted fix with a big impact. It cuts red tape and keeps America's capital markets open and accessible for the next generation of job creators.

Let's green-light growth. Let's pass this bill and keep America's strong economy.

Mr. Speaker, I ask all of my colleagues to join me in supporting H.R. 3343.

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