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Congress looks to angels to revive economy

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Congress looks to angels to revive economy By J.D. Harrison, Published: April 1 | Updated: Wednesday, April 2, 7:45 AM Hoping to fuel more job-creating companies, lawmakers on both sides of the aisle are crafting legislation intended to encourage individual start-up investors, commonly called “angel investors,” to pour even more capital into new and growing businesses — but they don’t all agree o... Read more »

McHenry Investigates SEC’s Failure to Implement Bipartisan JOBS Act

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By ignoring the deadline to implement a key provision of a bipartisan law approved a year ago, the Securities and Exchange Commission (SEC) is costing America’s struggling economy desperately needed jobs, members of the Financial Services Oversight and Investigations Subcommittee said today during a hearing. Read more »

WSJ: Inventive Funding Deserves Creative Regulation

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Crowdfunding has the potential to revolutionize the financing of small business, transforming millions of users of social media such as Facebook into overnight venture capitalists, and giving life to valuable business ideas that might otherwise go unfunded. Entrepreneurs have already used this fundraising technique on popular crowdfunding websites such as Indiegogo, Kickstarter and Startsomegood to get their ideas off the ground—including a device to track a person's daily activities, an art book about the Dead Sea, and an effort to support poor communities in Bangladesh. Read more »

McHenry Opens Buncombe County Office

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Black Mountain, N.C. – Today, Congressman Patrick McHenry (NC-10) participated in a ribbon-cutting ceremony for a new Buncombe County office with leaders and elected officials from across Buncombe County. The office will serve the residents of Buncombe County and surrounding areas. Read more »

Daniel Mitchell: What's Really in the Ryan Budget

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Thanks to several years of fiscal restraint during the 1990s, the burden of federal spending dropped to 18.2% of gross domestic product by the time Bill Clinton left office. The federal budget today consumes more than 24% of economic output, a one-third increase since 2001 in the share of the U.S. economy allocated by politics rather than market forces. That makes the Republican House budget, which would reverse this trend, extremely important for the economic health of the country. Read more »

Town Hall Slideshow Presentation

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Over the past week, Congressman McHenry shared the following presentation with constituents at his Town Hall meetings across the 10th District: Read more »

Honoring a Local Hero this Flag Day

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Hundreds of Americans gathered at the Vietnam Memorial Wall in Washington D.C on Flag Day to pay tribute to their family, friends and loved ones who courageously fought in the Vietnam War. Among the names read included longtime Burke County resident and Vietnam veteran Glenn Otis. Read more »

McHenry Letter to SBA Regarding Storm Damage

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Ms. Karen Mill, Administrator U.S. Small Business Administration 403 3rd Street SW, Suite 7900 Washington, DC 20416 Dear Ms. Mills: Burke, Caldwell, and Rutherford Counties in North Carolina incurred severe damage from a storm system that moved through the state last night. I have attached the latest damage report provided by the North Carolina Division of Emergency Management (NCDEM). Officials ... Read more »