Press Release

McHenry on House Passage of H.R. 2799, the Expanding Access to Capital Act

WASHINGTON — Congressman Patrick McHenry (NC-10), the Chairman of the House Financial Services Committee, released the following statement following House passage of his bill, H.R. 2799, the Expanding Access to Capital Act. H.R. 2799 will facilitate capital formation by strengthening our public markets, helping small businesses and entrepreneurs, and creating new opportunities for all investors.

“Across the country, entrepreneurs with a new idea, or seeking to grow their business, are struggling to access affordable capital,” said Congressman McHenry. “The Expanding Access to Capital Act addresses this and more by alleviating the unique challenges faced by job creators and their investors who live outside major financial hubs. This legislation builds on the success of the bipartisan JOBS Act of 2012 and will benefit Americans from all walks of life—whether they’re saving for retirement or launching a startup. I’m proud House Republicans advanced H.R. 2799 to provide more people with the opportunity to achieve their American dream.”

Watch Congressman McHenry’s remarks in support of the Expanding Access to Capital Act here.

Read full bill text here.