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’s vote is an important step in enhancing the ability of American entrepreneurs and small business to access capital, we still must do more to help entrepreneurs secure the financial support they need to fund their ideas, create jobs and grow our economy.”