Chief Deputy Whip Patrick McHenry (R, NC-10), the Vice Chairman of the House Financial Services Committee introduced H.R. 1839 the Reforming Access for Investments in Startup Enterprises Act of 2015 or RAISE Act. The legislation simply codifies an established legal framework for secondary markets of restricted securities to enhance market liquidity for entrepreneurs and investors. “Secondary markets are among the most important arenas for entrepreneurs seeking capital, but the lack of liquidity ...
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Chief Deputy Whip Patrick McHenry (R, NC-10), the Vice Chairman of the House Financial Services Committee, released the following statement on the Securities and Exchange Commission's (SEC) adoption of rules on Regulation A+ or Title IV of the JOBS Act: “While I continue to review the details of the finalized rule I am encouraged the Commission has taken action on Reg A+. For too long the JOBS Act has been bogged down by Washington bureaucracy impeding the promise this law possesses. While today...
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Today, Chief Deputy Whip Patrick McHenry (NC-10) released the statement below following passage of H.R. 30, the Save American Workers Act: “Obamacare has hurt countless Western North Carolinians by cancelling policies, driving up premiums, and cutting hours and wages. Today the House acted to reverse one of the law’s most destructive effects: the redefinition of full-time work as 30 hours, a policy that hits American workers living paycheck to paycheck the hardest. “By passing the Save American ...
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Today, Congressman Patrick McHenry, Chairman of the Financial Services Subcommittee on Oversight and Investigations released the following statement on the Securities and Exchange Commission's (SEC) failure to propose a rule to amend Regulation A of the Securities Act of 1993 as mandated in Title IV of the JOBS Act: “I find it inexcusable that, 19 months after enactment of the JOBS Act, the SEC has failed to even propose a rule for Regulation A. As economic growth remains tepid, a renewed Reg. A...
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WASHINGTON, DC -- Congressman Patrick McHenry (NC-10), Chairman of the Financial Services Subcommittee on Oversight and Investigations, marked the fifth anniversary of the passage of the Troubled Asset Recovery Plan [TARP] today with the following statement: “Five years ago, our financial system was brought to its knees, and Washington responded by bailing out some of nation’s largest financial institutions. The Democrat-controlled Congress passed Dodd-Frank and declared that the problem was fi...
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Congressman Patrick McHenry (NC-10) sent a letter to President Obama drawing attention letter to USTR on TPP prior to President's meeting with Vietnamese President
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Congressman Patrick McHenry (NC-10) and Congressman Scott Garrett (NJ-5) sent a letter to SEC Chairman Mary Jo White questioning the legality of proposed rules related to implementation of Title II of the JOBS Act
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Congressman Patrick McHenry (NC-10) released the following statement on the confirmation of Richard Cordray as Director of the Consumer Financial Protection Bureau
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Congressman Patrick McHenry (NC-10) announced $1.5 Million in a U.S. Economic Development Administration grant for Gaston College manufacturing center
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A bipartisan majority of the House of Representatives yesterday voted 416-6 in favor of passing a bill proposed by Congressman Patrick McHenry (NC-10) to enforce a deadline on JOBS Act legislation signed into law last year.
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