McHenry Echoes Obama's Calls to Pass Crowdfunding Bill
President, McHenry Hopeful Senate Will Act
Washington, January 31, 2012 | Ryan Minto (202-225-2576)
WASHINGTON – Congressman Patrick McHenry echoed President Obama’s comments today, insisting that the United States Senate pass crowdfunding legislation to free up capital for entrepreneurs. Crowdfunding allows everyday investors the opportunity to support intriguing startups and small businesses, providing much-needed capital for economic growth and job creation.
The proposal represents a point of agreement between Republicans and the White House regarding regulatory reform to ease costly burdens on small businesses.
The Entrepreneur Access to Capital Act, which was introduced by Congressman Patrick McHenry (R-NC) and passed 407-17 with broad, bipartisan support in the House of Representatives, has been awaiting action by the Senate Banking Committee.
Visit mchenry.house.gov/crowdfunding for more information about H.R. 2930