Jun 16, 2016

Financial Services Bills Help Innovators Turn Their Ideas Into Reality

Washington, D.C. – House Majority Leader Kevin McCarthy released the following statement on the markup of multiple innovation bills:

“Today, the House Financial Services Committee has marked up multiple bills that open up new paths to success for small business owners and Main Street entrepreneurs looking to grow and thrive. In particular, two bills introduced by Chief Deputy Whip Patrick McHenry (NC-10)—the Supporting America’s Innovators Act (H.R. 4854) and the Fix Crowdfunding Act (H.R. 4855)—will fix current regulations that keep those with ideas from attracting the capital they need to turn their ideas into reality.

“Success should never be reserved for the already wealthy and well-connected. Anyone who works hard should have the opportunities that modern technology and increased connectivity offer to improve their product or service. Doing so will lift up entire communities with the security and prosperity afforded by new American industries providing good-paying jobs. I look forward to bringing these bills to the floor because for America to be successful in the future, we must enable innovation, not hold it back.”