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Contact: Jeff Butler 202-225-2576
McHenry Statement on SEC Release of Crowdfunding Rules




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Washington, Oct 23, 2013 -

Congressman Patrick McHenry (NC-10), Chairman of the Financial Services Subcommittee on Oversight and Investigations, release the following statement on the Securities and Exchange Commission's (SEC) release of equity crowdfunding rules for public comment:                    

"On the heels of another month of anemic job growth, I am encouraged that the SEC unanimously agreed to release equity crowdfunding rules for public comment.  Crowdfunding can unlock private capital and provide opportunities for entrepreneurs and everyday investors to spur economic growth.  To meet this potential, the Commission and FINRA must work with stakeholders and leaders in disruptive finance; we must get the rules right.  I urge all interested parties to submit comments to enrich the Commission’s knowledge of equity crowdfunding."

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